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Real property

property disclosure statement

A property disclosure statement is a written document provided by a seller of real property to the prospective buyer stating that the property has a material or significant problem or defect and disclosing the nature of the problem or defect—or stating the seller is unaware of any such problems or defects.

In Colorado, a property disclosure statement is a critical document in the process of selling real estate. State law requires sellers to disclose to potential buyers any known material defects with the property. This is typically done through a standard form known as the 'Seller's Property Disclosure' form. The form prompts sellers to disclose information about various aspects of the property, including the condition of the roof, electrical systems, plumbing, appliances, and any known issues such as mold, radon, or pest infestations. The purpose of this disclosure is to inform buyers of any significant problems that could affect the property's value or desirability. Failure to disclose known defects can lead to legal liability for the seller. It is important for sellers to be honest and thorough in completing the disclosure statement to avoid future disputes and potential litigation.

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Real property

property disclosure statement

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Real property

property disclosure statement

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