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Why is a Property Disclosure Statement (PDS) Important?

Blog by Diane Cardoso | October 9th, 2012

Sellers generally know their property the best and the Property Disclosure Statement (PDS) gives Sellers a way to confirm what they know about the property. Sellers are responsible for the accuracy of all answers they make on the PDS.  The PDS is an important document that gives Buyers a starting point to make their own due-diligence investigation of the property they are purchasing.   Note:  The PDS does not provide information on psychological stigmas that may be associated with a property.