The Property Disclosure Statement

When you sell your home, you will complete a Property Disclosure Statement (PDS). The PDS is a detailed form which requires the property seller of a property to disclose defects to the prospective buyer. 

If you know about a defect in the property, you must disclose it.

The PDS identifies potential problems such as residential heating oil storage tanks, found both underground and above ground in yards of some older homes, formaldehyde insulation, unauthorized secondary suites, renovations done without a permit, moisture problems, and other issues. 

The PDS protects the seller as well as the buyer. It is not a substitute for a thorough, professional home inspection.

For more information about the PDS and how it helps protect you as a real estate consumer, speak with your Royal Pacific REALTOR®.

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For more information on this article or how we can help you with your real estate needs, contact your Royal Pacific REALTOR® at 604-266-8989 or use our online form for 24/7 service Contact us