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New York State DEPARTMENT OF STATE Division of Licensing Services P.O. Box 22001 Albany, NY 12201-2001 Customer Service: (518) 474-4429 www.dos.state.ny.us New York State Disclosure Form for Buyer

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What is buyer and seller disclosure?

Buyer and seller disclosure is a legal document that provides information about the condition of a property being sold. It includes details about any known issues or defects that could affect the value or desirability of the property.

Who is required to file buyer and seller disclosure?

Typically, both the buyer and seller are required to file a disclosure. The seller is responsible for disclosing any known issues or defects related to the property, while the buyer is required to disclose any relevant information about their financial situation or ability to complete the transaction.

How to fill out buyer and seller disclosure?

To fill out buyer and seller disclosure, both parties should carefully review the provided form and provide accurate information about the property or their financial situation. It's important to be truthful and transparent to avoid any legal repercussions in the future.

What is the purpose of buyer and seller disclosure?

The purpose of buyer and seller disclosure is to ensure that all parties involved in a real estate transaction have access to relevant information about the property and the transaction. It helps to protect both the buyer and seller from potential disputes or legal issues that may arise due to undisclosed information.

What information must be reported on buyer and seller disclosure?

The specific information that must be reported on a buyer and seller disclosure form may vary by jurisdiction, but generally includes details about the property's condition, any known defects, past repairs or renovations, environmental hazards, and any legal issues or disputes related to the property.

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