The property disclosure is a document that shows anything negative that could affect the value of the home. This document is filled out by the seller and the buyer signs it to acknowledge that he read the document and is aware of the information presented. This document also protects the seller against any future legal action.
Most probate homes are sold without a property disclosure because the seller, who will be the Personal Representative or executor, in most cases did not live in the property. A property inspection should be recommended to the buyer and this should be mentioned in the listing.