When is a property disclosure statement typically presented?

The property disclosure statement is typically presented before entering into a purchase agreement to ensure that prospective buyers are fully informed about the condition of the property prior to making an offer. This step is critical because it allows buyers to assess any potential issues or risks associated with the property, which can influence their decision to proceed with the purchase.

Presenting the disclosure statement at this stage helps to promote transparency and trust between the buyer and seller. It provides legal protection for the seller, as disclosing known issues can prevent claims of misrepresentation later on. Offering this information before the negotiation process begins also facilitates a more informed discussion about the property’s condition, contributing to a smoother transaction experience.

As for the other options, they occur either too late in the process after the buyer is already committed to purchasing or are not aligned with best practices in real estate transactions.