Buy Your Dream Home Series: Disclosures Explained

Today is the third instalment of our Buy Your Dream Home Series and we'll discuss disclosures.

What are Disclosures?

If you are serious about a particular property, you can request a disclosure package from the listing agent. These disclosures are your opportunity to review general information regarding the property prior to writing an offer. 

Both the seller and listing agent are required to disclose all material facts they know about the property so you are aware of anything that might affect your decision to buy the home.

General Disclosures

There are several types of general disclosures, all of which we've listed below:

Real Estate Transfer Disclosure Statement (TDS) and Supplemental Property Questionnaire (SPQ)

These are questionnaires completed by the Seller about the property.


Preliminary Title Report


Provided by the Title Company, this report shows ownership of the parcel, as well as any liens and encumbrances thereon which will not be covered 
under a subsequent title insurance policy.


Property Inspection Report


This report examines the overall functionality 
and condition of the home including appliances,
 mechanical, plumbing, and electrical systems.

Pest Inspection Report


This report examines structural damage due to
 wood boring beetles, termites, and dry rot.


Agent’s Visual Inspection Disclosure (AVID)


It is required for both the listing and selling agents 
to complete a visual inspection of the property.


Natural Hazard Zone Disclosure (Property
ID or JCP Report)


This report details how the property might be 
affected by natural hazards like an Earthquake,
 Wildfire, Tsunami or Flood based on its specific
 location.

If you have any further questions regarding disclosures and buying your dream home, please contact us today for a free consultation.