It's Worthless

I’ve told clients this for a long time. In Texas, a seller has no duty to investigate anything regarding the condition of the house – only to report what they already know. I’m perfectly fine with that. But it can give a false sense of security to a buyer who thinks the seller really knows the condition of their house – and that is quite rare. The seller’s disclosure can be useful to learn how old the roof is or if the seller is aware of anything noteworthy. Other than that, the buyer really won’t learn the condition of the house until an inspector has had a chance to look at it. The inspector will find things – a range of things across a range of importance. Based on that, the buyer can take it as it is, request repairs, or walk away. So the buyer will learn about the condition, but rarely from the seller’s disclosure.