What is typically included in residential property disclosures?

In residential property disclosures, one of the primary purposes is to inform potential buyers of any known material defects in the property. This includes issues that could affect the safety, habitability, or value of the home, such as structural problems, water leaks, or pest infestations. This transparency is crucial as it helps protect buyers from unexpected repairs or issues after the purchase, ensuring they have a clear understanding of the property's condition before making a decision.

Material defects are significant because they can influence not only the buyer's willingness to proceed with the purchase but also the pricing negotiations. Therefore, it's mandated by law in many jurisdictions for sellers to disclose such defects, making the protection of the buyer's interests a priority during the transaction process.