In Kansas there is a standard "reveal" statement that the seller signs off on. You can plead ignorance (in this case it was the parent's home and you have no idea what issues it has), but with the inspection report that tells you what is wrong you have to reveal what the report disclosed to you. You could get your own inspector that says it isn't an issue but you can't say "we just won't tell anyone that".
If you and your seller agent KNOW the electrical system is bad, there are termites in the basement and the furnace has a carbon monoxide leak you are required by law to reveal it. Three months later the realestate agent and the sellers could find themselves in court with a losing case.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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