Disclosed Defect

Intermediate 🏠 Real Estate

Definition

A known problem the seller admitted upfront—the legally mandated 'surprise spoiler alert.'

Example Usage

The seller disclosed water damage in the basement, so we adjusted our offer accordingly.

Origin

Real estate disclosure law terminology

Fun Fact

Failure to disclose known defects can result in lawsuits, and most states require written disclosure forms.

Source: Real estate disclosure law terminology

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