Seller’s Disclosure Statement
February 21st, 2008 by Martha McDonnell
The Seller’s Disclosure has become a major part of a home sale transaction in New Jersey. The Seller’s Disclosure Statement is a form on which the sellers describe, to the best of their knowledge, physical aspects of the property.
This includes numerous categories such as land condition, structural condition, plumbing, roofing, electrical, additions or remodeling of the property. Written disclosure is the best way to clearly communicate information, reduce uncertainty and misunderstandings, thus giving buyers confidence and peace of mind when negotiating.
