Buyer Disclosures

Square Footage Disclosure:

This is a disclosure from the Sellers showing the property’s square footage (above grade and below grade) as well as how they determined the advertised square footage. An important note – just because the seller is disclosing the square footage does not necessarily mean it is accurate. Most circumstances, the square footage being advertised is being taken from either a prior appraisal or county records. Sometimes even those sources are incorrect.

Seller’s Property Disclosure:

This is a disclosure the Seller filled out regarding what they know about the property. Each section asks if any problem regarding the items listed exist, as well as things like the age of features, the source of water, etc. It also includes a comments section for the seller to go into further detail. The questions are to be answered to the best of the seller’s “current actual knowledge” – in other words, if the seller does not know about a particular issue, yet it exists, the seller is not held responsible to disclose it.

Lead-Based Paint Disclosure (homes built prior to 1978):

This is a disclosure from the Seller stating that since their home was built prior to 1978, there might be lead based paint in the home. For more about lead based paint, click here.

Closing Instructions:

This is an agreement between you, the Sellers, and the title company. It shows that they (or in some cases you) have officially hired the title company to conduct the closing when that time comes.

Affiliated Business Disclosure:

This discloses to you if we have a business relationship with another company involved in your transaction.

Inspection Disclosure:

This disclosure shares with you some of the different types of inspections you can perform, as well as the approximate costs associated with each. All inspections are elective by you. Please ask your Thrive Advisor what he or she recommends on the specific property you are purchasing.

Mold Disclosure:

This is a disclosure regarding the possibility of the presence of mold in the property. Mold may not always be visible or detectable by an inspector, so if this is a concern, feel free to request a mold professional perform the necessary air testing. For more information about mold, click here.

Client Orientation Letter:

This is a great overview about how we choose other professionals that we may recommend to you, what you can expect and how you can shop for services.