Property Disclosure Statement

A Property Disclosure Statement is a document provided by sellers when they put their property up for sale. It outlines the condition of the property and discloses any known issues, such as water damage, structural problems, or pest infestations. This statement helps potential buyers make informed decisions by highlighting the property's strengths and weaknesses. It is an important part of the real estate transaction process, promoting transparency and trust between sellers and buyers. In many areas, sellers are legally required to provide this disclosure before finalizing a sale.