In Texas, who is typically required to provide a property disclosure statement?

In Texas, the requirement for providing a property disclosure statement primarily falls on sellers of single-family residential properties. This obligation is in place to ensure that potential buyers are made aware of any known issues or defects with the property, promoting transparency in real estate transactions. By providing this disclosure, sellers can help buyers make informed decisions, which can ultimately lead to smoother transactions and minimize the potential for disputes after the sale.

The Texas Property Code outlines the necessity for residential sellers to disclose specific information regarding the condition of the property. This often includes information about structural issues, pest infestations, plumbing problems, and other significant factors that may affect the property's value or safety.

In contrast, while agents involved in a transaction have a duty to ensure that disclosures are completed, they are not the ones who provide the statement themselves; that responsibility lies with the seller. Sellers of commercial properties, on the other hand, are generally not required by law to provide a disclosure statement, although it is often done as a matter of business practice. Lastly, buyers are not required to provide a property disclosure statement; their role is primarily to review the disclosures provided by the seller and conduct their own due diligence.