What is typically included in a property disclosure statement?

A property disclosure statement primarily serves to inform potential buyers about the physical condition of the property they are considering. This document typically includes details about structural issues, the presence of hazardous materials, plumbing and electrical systems, roofing conditions, and any other significant aspects that might affect the property's value or usability.

Including information about the property's physical condition is crucial because it enables buyers to make informed decisions and helps mitigate future disputes regarding undisclosed issues. Transparency in this area is a vital aspect of the real estate transaction process, ensuring that buyers are aware of potential maintenance or repair needs before completing the sale.

While personal information, historical property values, and local regulations are important in discussions surrounding real estate, they do not form the core component of a property disclosure statement. The focus is strictly on the current state of the property and any issues that could impact its habitability or value.