What is included in a property disclosure statement?

A property disclosure statement primarily includes details about the condition of a property. This document is designed to inform potential buyers about various aspects of the property's physical state, including any known defects, repairs made, or issues that could affect its usability or value. Such disclosures typically cover things like structural problems, pest infestations, environmental hazards, and maintenance history, which are crucial for buyers to make informed decisions.

The focus on the property's condition is crucial in real estate transactions, as it helps to establish transparency between the seller and buyer. By providing this information upfront, sellers can reduce the risk of future disputes over undisclosed issues, and buyers can assess whether they are willing to proceed with the purchase based on the property's current state. This emphasis on property condition is fundamental to ensuring a fair transaction in the real estate market.