Question

How and when should the seller of a property give a prospective buyer the property condition disclosure?

A) At the closing table
B) Before the buyer makes an offer
C) Within 10 days after the offer is accepted
D) After the inspection period is over

Answer 1

The seller should provide the property condition disclosure to the prospective buyer before the buyer makes an offer to ensure full transparency about the property's condition.

Step-by-step explanation:

The seller of a property should provide the prospective buyer with a property condition disclosure before the buyer makes an offer on the property. This disclosure is a document that outlines any known issues or defects with the property, including those that may not be visible upon a casual inspection. Providing this disclosure before an offer is made ensures that the buyer is fully informed of the property's condition and can make a decision based on all available information. In some jurisdictions, there might be specific laws that dictate the exact timing of when the disclosure must be provided, but generally, it is considered best practice to offer this information upfront to maintain transparency and avoid potential legal issues down the line.