Seller's Disclosures and Buyer's Conditions of Purchase... and how they are related to each other.

Upon opening Escrow, both the buyer and seller have obligations and tasks they must perform in order to close escrow.

The seller must disclose all knows defects of the property.  The Seller's Disclosures is kind of the "road map" and will help the seller recall anything pertinent to the buyer.

Also, the Buyer's Conditions of Purchase is his chance to have the property fully reviewed in any way he sees fit, home inspection, chimney inspection, A/C, Heater Inspection, Foundation Inspection...  Whatever he feels is necessary, but also these are typically paid for by the buyer, so most of the inspections are few after the General Home Inspection (Usually $350-$500.)

If anything is uncovered or disclosed that the buyer is uncomfortable with, they may cancel the contract and receive all of their Earnest Money Deposit back.

The Seller, once accepting an offer has very little chance of cancelling the contract, so it is vital that the seller is absolutely sure they want to sell the home before accepting any offer.