Disclosures are a series of written statements made by a seller about the condition, situation and environment surrounding the property they're selling. Each state has their own standard form that is used to make disclosures, but they generally cover any material defects with the house or surrounding area that the seller wants 'built-in' to the price a buyer expects to pay. Disclosures are a way of saying "this is what you should know about the property before you buy it." In some areas, disclosures can get so involved that there is a whole disclosure package that is given to any interested potential buyers in advance of an offer.
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