What is the primary concern for sellers when providing a Disclosure Statement?

The primary concern for sellers when providing a Disclosure Statement is to ensure that it contains all relevant factual information. This is crucial because a comprehensive and accurate Disclosure Statement helps to inform potential buyers about the condition of the property, any known issues, and other pertinent details. By disclosing such information, sellers foster transparency in the transaction, which can build trust with buyers and potentially facilitate a smoother sale.

Providing all relevant factual information is also a legal obligation in many jurisdictions, as it helps protect both the seller and the buyer. Failing to include information that a buyer could reasonably be expected to rely upon may lead to disputes or complications later. Therefore, a thorough Disclosure Statement serves to inform the buyer and helps to create a more secure real estate transaction for the seller as well.

While ensuring it meets legal standards, protecting themselves from future liability, and not leaving out negative features are indeed important considerations, the focus on factual information captures the essence of what a Disclosure Statement is meant to achieve—ensuring that the potential buyer is fully informed regarding the property.