Which disclosure is most commonly required in a residential real estate sale?

In a residential real estate sale, the seller's property disclosure is the most commonly required disclosure. This document provides prospective buyers with detailed information about the condition of the property and any known issues or defects. It is an essential tool for ensuring that buyers are fully informed before making a purchase decision, helping to facilitate transparency and trust in the transaction.

The seller's property disclosure typically includes information on the property's systems (such as plumbing, electrical, and HVAC), structural components (like roofs and foundations), and any past or present issues (including water damage or pest infestations). Many states, including New Jersey, have laws that mandate sellers to provide this disclosure to protect consumers and promote fair dealings in real estate transactions.

While other disclosures, such as radon and lead-based paint, are significant and required in specific circumstances (especially in homes built before 1978 for lead), the seller's property disclosure stands out as a comprehensive overview that is generally applicable to all residential sales, making it the most common requirement in this context.