What is a Seller's Disclosure?

A Seller's Disclosure is a critical document in real estate transactions that focuses on the seller's awareness of the condition of the property being sold. This document typically includes detailed information about the property's physical state, including any known defects, repairs that have been made, or issues that might affect the property's value or suitability for the buyer. By presenting this information, sellers offer transparency to potential buyers, helping them make informed decisions about the property.

This practice is essential because it can protect the seller from future liability by disclosing known issues and also aids buyers in understanding what they may be getting into, allowing them to weigh the risks and benefits of purchasing the property. The inclusion of such information is often mandated by state or local laws, further emphasizing the importance of honesty in property transactions.