What Is a Property Disclosure Statement?

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When you decide to sell a property, you will quickly learn that there is quite a bit of paperwork associated with the sale. Among the forms that you’ll be presented with is one called the Property Disclosure Statement (PDS).

So what, exactly, is the purpose of this form that asks you about the history of your property? Do you have to fill it out? What if you don’t have all the answers? Not to worry – I’ve answered these questions (and more) so that you understand exactly what it is you’re filling out.

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