A seller inherited a property and has limited knowledge of its history. They discover documents indicating previous foundation underpinning work but no details about the reason or extent. How should this be disclosed?
Correct Answer
B) Disclose the foundation work and indicate limited knowledge of details
The seller should disclose what they know (foundation underpinning work occurred) and can indicate their limited knowledge of the details. This provides transparency while acknowledging information limitations. A is incorrect because known major work should be disclosed even without complete details. C is incorrect because professional evaluation isn't required for disclosure. D is incorrect because past work should be disclosed regardless of current visible problems.
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When completing the environmental section of the SPDS, a seller must disclose all of the following EXCEPT:
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A buyer receives an SPDS indicating previous water damage and mold remediation in the basement. During inspection, the buyer finds evidence of current moisture issues. What are the buyer's options?