Home Seller's Guide by Cynthia Rich

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Failure to complete the statement does not relieve the seller of disclosing any known defects.

Refusing to complete the statement might not be in his best interest. Use of such a form is becoming more customary in the industry, and a buyer might be reluctant to purchase a property where no statement has been completed. Completing the statement but answering "I don't know" in all areas will not protect the seller from the disclosure obligations listed above.

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