What is a seller’s disclosure statement?

A Seller’s Disclosure Statement is an important part of the real estate transaction in the state of Georgia. It is a document that the seller of a property must prepare and provide to the buyer prior to an agreement of sale. The disclosure statement must include any material facts that the seller knows about the property. This includes information about any legal or physical problems with the property that may have an effect on its value and/or usage. The Seller’s Disclosure Statement also contains information about the condition of the property’s plumbing, electrical, and structural systems. For example, it must include information about any defect or damage caused by fire, water, or insects. It must also contain details about any repair work that’s been done to the structure, such as recent roof replacements or foundation repairs. The purpose of the disclosure statement is to provide buyers with an accurate and complete description of the property. This helps buyers to make an informed decision about the condition of the property, and to ensure that any defects or problems with the property are identified and addressed prior to purchase. The Seller’s Disclosure Statement is a requirement of Georgia real estate law and must be completed in order for the sale of the property to be valid.

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What is a seller’s disclosure statement?

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