What does a seller’s disclosure statement typically include?

A seller's disclosure statement is a critical document in real estate transactions, serving to inform potential buyers about the condition of a property. The primary focus of this statement is to detail any known issues or defects related to the property that the seller is aware of. This can include problems with the roof, plumbing, electrical systems, pest infestations, environmental hazards, and any other significant issues that could impact a buyer's decision or the property's value.

Providing such information allows for transparency in the real estate transaction, ensuring that buyers are fully informed before making a purchase. This aspect of seller disclosure is especially important as it can help reduce the chances of disputes after the sale occurs regarding undisclosed issues.

The other options do not accurately reflect the purpose of the seller’s disclosure statement. For instance, analyzing market trends or providing a comparison of nearby properties falls more under market research rather than the seller's obligation to disclose property issues. Similarly, an itemized bill of closing costs pertains to financial details relevant at the closing of the transaction, rather than the condition of the property itself.