If a buyer backs out of a deal because of "wet feet," must this be disclosed?

The correct choice reflects the nature of "wet feet," which refers to a buyer experiencing hesitation or second thoughts about a purchase, typically due to personal concerns rather than contractual or property-related issues. In real estate transactions, buyers often have personal reasons for their decisions, and these reasons are not typically required to be disclosed to the seller.

Disclosing subjective or personal reasons, like those associated with "wet feet," can blur the lines of privacy and may not provide useful information to the seller regarding the property or the transaction itself. Additional context, such as a buyer's motivations influenced by market conditions, personal financial situations, or emotional responses, are generally viewed as private matters between the buyer and their decision-making process.

In contrast, disclosures are usually essential when they pertain to material facts about the property, such as defects, zoning issues, or conditions affecting the value or livability. Since "wet feet" does not meet the criteria for material disclosures, not requiring this information protects the buyer’s privacy and autonomy in the decision-making process.