VIEWS: 42 PAGES: 12 CATEGORY: Real Estate POSTED ON: 12/20/2011
This Seller's Disclosure of Property Condition is used by a seller of real property to disclose to the buyer all known material or adverse facts relating to the physical condition of the property that are not readily observable. This disclosure is required by law when selling a residential property. It notifies any potential buyers of problems that could affect the property's value or desirability. It is illegal to conceal major physical defects in the property. The property owner must disclose any and all known defects, malfunctions or adverse conditions that exist on the property. This document should be used by a buyer or seller of residential property located in Pennsylvania.
"Pennsylvania Seller's Disclosure of Property Condition"