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Understanding the Updated Property Condition Disclosure Act Obligations and Opportunities

In this episode, host Evantz Saint-Gerard interviews Peter J. Goodman, Esq about the changes in property disclosure laws. They discuss the Property Condition Disclosure Act and the new property condition disclosure statement. They explain who the law applies to and the reasons behind its implementation. They also cover the seller’s obligations, liability, and best practices for sellers and buyers. The importance of hiring a real estate attorney and the ability to negotiate contracts with disclosures are emphasized. The episode concludes with information on exclusions from the property condition disclosure, the effective date, and contact information for further inquiries.

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