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Alabama Property Disclosure Statement

An Alabama property disclosure statement is an optional form used in residential real estate transactions to inform potential buyers of any issues or defects that could negatively impact the property’s value. Being a “buyer beware” state, Alabama only requires sellers to disclose issues that could threaten the health and well-being of the buyer. However, to maintain transparency and avoid potential conflicts, many sellers complete this document and provide it to prospective buyers to provide a fair assessment of the property.

Purchase Agreement – An agreement drafted between a buyer and a seller that enables the buyer to make an offer on a piece of property.