Disclosure, The Real Estate Condition Report...
...When you put your property on the market, disclose absolutely everything you know about it. If there is a negative, put a star by it - capitalize it - underline it - whatever. A negative disclosed in the beginning seldom remains a negative. It is when a buyer discovers a negative on their own that it becomes a problem. The question becomes, "What else didn't they tell me." The buyer assumes the defense and the relationship between buyer and seller becomes adversarial

In California, the buyer and the seller have rights and obligations regarding the condition of property.

The seller is required to disclose all conditions that could be considered material to the transaction.

The buyer is cautioned to inspect the property thoroughly and to be familiar with all disclosures provided by the seller and the broker.

The offer provides an inspection clause which incorporates the obligations of both the buyer and the seller. It further provides the buyer an opportunity to re-negotiate if significant adverse factors are discovered within the prescribed period provided in the offer.

THE FOLLOWING CLAUSE IS FROM WB-13, RESIDENTIAL OFFER TO PURCHASE:

San Diego real estate broker