The Wyoming property disclosure statement is a form that property owners complete to disclose any known property damage, defects, zoning violations, and health hazards to prospective buyers. However, this is not a form required by law, as Wyoming is a caveat emptor state (i.e., “buyer beware”). While not mandatory, completing this form can help form a bond of trust between the seller and the buyer. The buyer will have to perform their own inspection of the property regardless of whether or not a property disclosure statement was provided by the seller.
Purchase Agreement – A real estate contract for the sale of residential property. The form is generally used by prospective buyers to present the terms of their purchase offer to a seller, and it is executed by both parties if an agreement is reached.