Which party benefits from a property disclosure statement?

The property disclosure statement primarily benefits the buyer by providing essential information about the property's condition, any known issues, and other relevant details that could influence their decision-making process. This transparency allows buyers to make informed choices, potentially avoiding future disputes or the need for costly repairs that could have been disclosed upfront. While sellers do have responsibilities regarding disclosure, and real estate agencies may see indirect benefits from facilitating smooth transactions, the primary advantage lies with the buyer who gains significant insight into the home they are considering. This reinforces buyer confidence and encourages informed investment in real estate.