Re/Max Oceanview Realty Weekly Report | Oct 26 - Nov 1, 2021

Under current real estate protocols it is common for sellers to complete a Property DisclosureStatement (“PDS”) with respect to their home and property. The PDS has over 40 questions which the sellers answer to the best of their ability. From insulation to water supply; from encroachments to heating systems; from pest infestations to the age of the roof, and more. The main purpose of the PDS is to provide the buyer with information about the property and premises. It also protects the seller by establishing what they are, and are not, disclosing. However, it may surprise some to learn that sellers are not required to complete a PDS. Such disclosures are optional, unless it involves a material latent defect. Also, sellers don’t alwaysknow all the answers on the PDS, so buyers should do their own due diligence with their own inspections and research. For all your real estate questions, Call Us FIRST!

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.