What is a PCDS form? Property Condition Disclosure Statement is a form completed by the Property Seller, disclosing all "known" problems or concerns with the property prior to sale. This document is relied upon by the Buyer, to be correct, to the best of the Seller's knowledge so Buyer is aware of potential issues or repairs.
The following article demonstrates how important a PCDS can be to Home buyers in Nova Scotia, complete honesty is imperative when completing this document as it has been relied upon to settle many lawsuits from new Home Buyers mislead by false claims.:
Seller to Pay $14,000 for Misleading PCDS
Looking at properties owned by next of kin in an estate sale is difficult! How does a buyer protect themselves from hidden problems?
Posted by: David | November 27, 2020 at 09:08 AM