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Generally, a property disclosure agreement requires every seller a residential real property to disclose the conditions of the property, such as damages, material defects, or information required By law, a property disclosure statement is to be delivered to the buyer or buyers agent before the signing of a binding contract of sale. Although state law may vary this requirement, a property disclosure agreement is usually attached to the real estate purchase contract. The buyer should also carefully inspect the property and surrounding area for any offsite conditions that may materially affect the property. Generally, a property disclosure statement does not substitute or limits the buyers responsibility to inspect the property or hire a qualified expert to inspect the property for you.
