What can a buyer do if the seller fails to provide the required Seller's Disclosure of Property Condition?

The correct answer regarding what a buyer can do if the seller fails to provide the required Seller's Disclosure of Property Condition is to choose to terminate the contract and have the earnest money refunded.

In residential real estate transactions, sellers are typically obligated to provide a disclosure statement detailing the condition of the property. This includes information about its structural, environmental, and other material aspects. If a seller fails to comply with this requirement, the buyer has the right to terminate the contract. This is a protective measure put in place to safeguard buyers from entering into an agreement without important information about the property.

Choosing to terminate the contract allows the buyer to safely exit the agreement without penalty and ensures they can recover their earnest money, which is a deposit made to demonstrate serious intent to purchase. This reflects the importance of transparency in real estate transactions and the rights afforded to buyers when sellers do not fulfill their legal obligations.

The other options are less appropriate. Reducing the purchase price is not a standard remedy for a lack of disclosure. Declaring the contract null and void might be an option in different contexts but typically relates to more severe violations. Proceeding with the sale without consequences fails to address the lack of disclosure, which could lead to future legal or financial complications for the buyer