What does a seller's disclosure statement provide to potential buyers?

A seller's disclosure statement is an important document in real estate transactions as it provides potential buyers with disclosure of known issues related to the property. This statement typically includes information about the condition of the property, any repairs made, and problems that the seller is aware of, such as issues with the roof, foundation, or plumbing.

The intent of this disclosure is to ensure that buyers are fully informed about the property they are considering and to protect sellers from future liability regarding undisclosed issues. It allows buyers to make educated decisions based on the known condition of the property, which is essential in assessing the value and risks associated with the purchase.

While a legal warranty relates to assurances provided by a seller about the condition of the property, it is not the primary purpose of a seller's disclosure statement. Similarly, appraised values do not necessarily reflect the current condition or specific issues of a property, nor is a marketing brochure intended to detail the flaws or significant conditions of the property. Thus, the most accurate and relevant choice regarding what a seller's disclosure statement provides is the disclosure of known property issues.