What is the most common type of property disclosure required from sellers?

The seller disclosure statement is the most common type of property disclosure required from sellers because it serves a critical role in real estate transactions. This document is specifically designed to inform potential buyers about the condition of the property and any known issues that could affect its value or desirability. It typically includes information about the structural integrity of the home, the condition of major systems like plumbing and electrical, any past or present pest infestations, and legal issues related to the property.

This disclosure is legally required in many jurisdictions, including Ohio, to promote transparency in the transaction process and ensures that buyers can make informed decisions. By providing this statement, sellers protect themselves from future liability by disclosing issues that they are aware of, which might otherwise come back to haunt them after the sale is completed.

In contrast, the other options, while relevant in certain contexts, are not as universally required or commonly utilized in typical residential sales. For example, an environmental impact report may be necessary for commercial properties or developments affecting large areas but is not standard for most residential transactions. A property history report can provide valuable information but is usually not mandated by law. Similarly, a building inspection report is often conducted voluntarily or negotiated between the buyer and seller but is not a seller's obligation to