What is typically included in a property disclosure statement?

A property disclosure statement is a critical document in real estate transactions, as it provides potential buyers with essential information about the property's condition. Known defects of the property are typically included in this statement because sellers have a legal obligation to disclose any issues that could affect the property's value or safety. This transparency helps buyers make informed decisions and protects them from unknowingly purchasing a property with significant problems.

The inclusion of known defects is particularly important because it not only informs the buyer but also serves to minimize potential legal disputes after the sale. By being upfront about defects such as plumbing issues, roof leaks, or electrical system malfunctions, sellers can foster trust and demonstrate compliance with disclosure laws.

Other aspects such as the opinions of the current owners, the environmental history of the property, and the number of prior owners might not be standard inclusions in a property disclosure statement. These elements could be relevant or beneficial to the buyer, but the primary focus of such disclosures revolves around material defects and issues directly related to the property's condition known to the seller at the time of sale.