When should a Sales Disclosure Notice (SDN) be filled out?

When should a Sales Disclosure Notice (SDN) be filled out?

• A. On closing
• B. First day property is on market
• C. After listing agreement is signed
• D. If requested by buyer

Answer: (B)

The key idea is timely disclosure. A Sales Disclosure Notice should be provided as soon as the property is being marketed so buyers have complete information early in the process. Filling it out on the first day the home goes on the market ensures known defects and condition facts are disclosed before offers are made, supporting transparency and protecting both parties from later claims of nondisclosure. Waiting until closing, or only providing it after a listing agreement is signed, or only if a buyer asks, defeats the purpose of giving buyers essential information upfront. If new information comes to light after listing, update the SDN and share it with buyers.

The key idea is timely disclosure. A Sales Disclosure Notice should be provided as soon as the property is being marketed so buyers have complete information early in the process. Filling it out on the first day the home goes on the market ensures known defects and condition facts are disclosed before offers are made, supporting transparency and protecting both parties from later claims of nondisclosure. Waiting until closing, or only providing it after a listing agreement is signed, or only if a buyer asks, defeats the purpose of giving buyers essential information upfront. If new information comes to light after listing, update the SDN and share it with buyers.