What do I have to disclose to the buyer?
Your transaction coordinator will provide you with certain disclosure forms to fill out. They will also help with ordering a Natural Hazards Disclosure. You must disclose any known material fact to your buyer.
There are certain disclosures required by law. For a complete list of required disclosures in California, check this link: http://www.dre.ca.gov/files/pdf/re6.pdf.
There may also be locally required disclosures and your local transaction coordinator should be able to guide you. You should also check with your city as well as your county.
In addition to certain state and local statutory disclosures, the seller must disclose all known material facts to a buyer. A material fact is something that would impact the value of a home. For example, if you know that there is a foundation issue, it’s very likely you’d need to disclose it. That would be impactful to the homes value and would likely be considered a material fact.
A good rule to go by is, if you aren’t sure whether you should disclose it, disclose it. It’s generally better to over-disclose than to under-disclose and risk legal issues.
If you have any questions specific to your situation, it’s recommended you contact an attorney to help determine if disclosure is necessary.