A disclosure is a documents that notifies and (discloses) to all buyers about the current property condition to the best of their knowledge. This document is signed and dated by all sellers. However a home inspector is highly recommended. Many occasions this is required from the seller even though they have not even lived in the property. The bottom line is that anything that is not visible to the naked eye needs to be documented on the disclosure.
A tree has fell on top of a home and damaged the roof. Roof was repaired in thirty days and as a buyer you had no idea just by driving by other than it has a new roof. Same as plumbing, new pipes installed in the ground from outside to the main shutoff valve to the home. These items are not visible to the naked eye. So what I am saying is that sometimes they are things covered up that this can be easily overlooked.
A vast area from roof of home to hazardous material and mineral rights. In other words you are given more peace of mind before accepting to put a contract on the home of interest. If home is being sold as is, it is not necessary for this document to be produced, however if provided it must state seller never lived in home. Most importantly if home was built before 1978, a lead base paint disclosure is mandatory in Florida. Disclosures can be good and bad news. Good that you know more about the home, and bad news if you are really set on buying home. Also this disclosure can save you thousands of dollars versus 400 dollars out of pocket once you have home inspected to determine a final decision.