What is the purpose of the seller's disclosure notice?

The purpose of the seller's disclosure notice is to inform buyers about the property's current condition. This notice is a critical component of real estate transactions in Texas, as it is intended to disclose any known issues, defects, or conditions that may affect the buyer's decision to purchase the property. By providing this information, the seller helps ensure transparency in the transaction and allows buyers to make informed decisions about their purchase.

It is important to note that the seller's disclosure does not provide repair costs or other financial implications upfront, which distinguishes it from options related to financial matters or legal rights. Additionally, the notice does not serve as a substitute for other legal documents critical to the transaction, nor does it primarily focus on outlining the seller's rights. Instead, it centers on conveying pertinent information about the property's condition, thereby aiming to protect both parties involved in the transaction by minimizing disputes over undisclosed defects later on.