What information is essential to include in a property disclosure?

In a property disclosure, it is essential to include any known issues or defects of the property because this information is crucial for potential buyers to make informed decisions. It allows buyers to understand the condition of the property and any potential risks they might face. Transparent disclosure helps in building trust between the seller and the buyer and can also protect the seller from future liability claims relating to undisclosed issues.

Providing details about known defects or problems, such as structural issues, plumbing faults, or pest infestations, is a legal requirement in many jurisdictions to ensure fairness in the transaction. This information empowers buyers to assess their interest in the property and helps them evaluate potential costs associated with repairs or renovations.

Market comparisons, the realtor's commission, and the original purchase price, while relevant to the overall real estate transaction, do not hold the same level of importance for the property's condition and should not replace the necessity for disclosing issues or defects.