Which party is typically responsible for providing the disclosure statement about the property's condition to potential buyers?

In Pennsylvania, it is primarily the seller's responsibility to provide a disclosure statement regarding the condition of the property to potential buyers. This requirement is established under Pennsylvania's Real Estate Seller Disclosure Law, which mandates that sellers disclose known material defects in the property, including issues with the roof, plumbing, electrical systems, and more. The aim of this law is to ensure that buyers are fully informed about the property's condition before making a purchase decision, thereby promoting transparency and protecting buyers from unforeseen problems after the sale.

Buyers, lenders, and real estate commissions do not hold the primary responsibility for disclosing information about the property’s condition. Buyers may conduct their inspections and research, but they are not required to produce disclosure statements. Lenders might be involved in the financial aspects of a transaction but are not focused on the physical condition of the property. Similarly, real estate commissions facilitate transactions and ensure compliance with laws but do not directly provide condition disclosures about the properties.