What is typically included in a property disclosure statement?

A property disclosure statement is a critical document in real estate transactions that provides transparency regarding the condition of the property. The inclusion of material facts regarding the property's condition—such as information about structural issues, past renovations, presence of pests, or any known environmental hazards—ensures that potential buyers are fully informed about what they are purchasing. This practice helps to avoid disputes after the sale and promotes trust between buyers and sellers.

The emphasis on disclosing material facts is mandated by law in many jurisdictions, including New Hampshire, which requires sellers to provide prospective buyers with adequate information about the property's condition. Therefore, focusing on the property's actual state allows buyers to assess risks and make informed decisions.

The other choices, while they may provide valuable context about a property, do not fulfill the primary purpose of a property disclosure statement. Financial information, historical significance, and neighborhood market analysis are important aspects, but they do not directly address the present condition of the property, which is the central focus of the disclosure.