Disclosure Statement

A disclosure statement from a seller is like a report card that tells you all about a house before you decide to buy it. The seller writes down everything they know about the house, like if the roof ever leaks, if the basement gets wet when it rains, or if the heater is old and might need to be replaced soon. This helps the person buying the house know exactly what they’re getting, so there are no surprises after they move in. It’s like the seller being super honest about the good and the not-so-good things about the house, so the buyer can be happy with their new home.