What is the purpose of the seller disclosure statement in a real estate transaction?

The purpose of the seller disclosure statement in a real estate transaction is to inform buyers of property issues. This document serves as a crucial tool that provides transparency regarding the condition of the property. It outlines various potential problems, such as structural issues, previous damages, environmental hazards, and other relevant factors that may affect the buyer's decision or the property's value. By presenting this information upfront, the seller helps buyers make informed decisions and reduces the likelihood of disputes arising after the sale.

The other options pertain to different aspects of real estate transactions. Finalizing the sale is a process that involves numerous legal and financial steps, while establishing pricing trends and determining market analysis relate more to market research and valuation rather than direct communication of property condition.