A Seller Disclosure Statement is crucial to provide details on the history of the home. This provides the buyer with information about the home as well as protects the seller from disclosure issues. If you are unsure if you should disclose an item, always disclose. Let the buyer decide if it is important to them, always better to over disclose history vs under disclose. There are many cases across the US of buyers filing complaints or even lawsuits in regards to history of a property they purchased and the key defense is that seller disclosure statement. Sellers are to fill this out to the best of their knowledge, most cases you do not need to go out and conduct extensive research for the answers but answering the questions truthfully and to the best of your knowledge is incredibly important.
