As licensed real estate professionals, we at the Seller's Edge must abide by New York State law regarding real estate disclosure forms. This law was introduced to protect buyers and sellers from litigation should problems arise in the sale of property. While some sellers balk at these requirements, there are benefits:

1) When your selling agent has all of the relevant facts, they can price your property properly, according to its actual condition, which will produce a quicker sale. (Time is money in real estate)

2) Buyers appreciate a candid statement of the property.

3) Properties with a written disclosure tend to be more attractive to Buyers than those without.

4) Buyers have confidence and piece of mind when they know defects have been disclosed to them.

5) Written disclosures help to reduce the misunderstandings that may often lead to delayed closing, last minute negotiation, and litigation.

6) If a buyer "discovers" an important problem about the property after the purchase closes, and the problem was disclosed in writing, it's difficult for the buyer to sue the seller based on lack of knowledge.