What does a "Seller's Property Disclosure Statement" include?

The "Seller's Property Disclosure Statement" is a critical document in real estate transactions that provides prospective buyers with key information about the property being sold. It is specifically designed to inform buyers about the condition and history of the property, encompassing various aspects such as previous repairs, known issues, the status of major systems like plumbing and electrical, and any environmental concerns that might affect the property. This transparency helps buyers make informed decisions and reduces the potential for disputes over undisclosed issues after the sale.

This focus on the condition and history of the property is essential for buyer protection and supports the legal obligation sellers have to disclose material facts about the property. Understanding this aspect of the disclosure statement is crucial for both buyers and sellers in the real estate process.