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Pennsylvania Property Disclosure Statement

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The Pennsylvania property disclosure statement is a state-required form that is filled out by the seller of a residential property to detail any known defects to potential buyers. The seller should also state their expertise in contracting, engineering, and other areas that would enable them to accurately assess the property’s condition (if any).

The seller is not liable for any omissions or errors if they had no knowledge of the error. Therefore, prospective buyers are expected to do their due diligence and inspect the property themselves thoroughly.

Laws§ 7303

Purchase Agreement – This form is used by prospective buyers to place a formal bid on a seller’s residential property. If both parties agree to the terms in the agreement, they may sign it and transfer ownership of the property.