I ran into an issue recently where, during an inspection, my buyers and I found there was a considerable amount of standing water in the crawl space, as well, the sill band was rotted out and damaged from termites. My problem isn't with the issues themselves. My problem stems from the fact that there was evidence of a recent termite treatment, the vapor barrier appeared to be newly put down as well, and there was a "makeshift" substandard repair done to the sill band. None of this was disclosed on the property disclosure statement.
I know the termites had been treated and appeared to be inactive so that is fine but the standing water in the crawl space and the ill-repaired sill band??? Our sellers need to understand that the property disclosure statement is an important document and they have to be honest on it. As agents, we also have a responsibility to our clients and to our profession to make sure these statements are filled out with the highest integrity.
We don't have the time to waste on homes that are in poor condition if they aren't properly represented and priced. We owe it to ourselves and our clients to represent our properties honestly and fairly.