Property Condition Disclosure Statement

A Property Condition Disclosure Statement is a document that the seller provides to potential buyers, detailing the current state of the property. It includes information about the home's systems, structural condition, repairs, and any known issues like water leaks, mold, or foundation problems. This disclosure helps buyers understand what they are purchasing, allowing them to make informed decisions and spot potential concerns before finalizing the sale. It's a standard part of real estate transactions that promotes transparency and reduces surprises after purchasing a property.