If defects are noted on a residential Seller's Property Disclosure Statement, the owner SHALL also provide:

While understanding the impact of defects on property value is important for buyers, the law does not require sellers to provide such estimates. This option focuses on a financial assessment rather than a factual description of the defects themselves, which is not the stipulated obligation of the seller.

This choice involves projecting the future implications of the defects, which is not required by the Seller's Property Disclosure Statement. Sellers must disclose existing defects rather than speculate on their long-term effects on the premises. This distinction is vital to ensure clarity and accuracy in the disclosure process.

Providing a contractor's estimate for repairs is not mandated by law. While it may be helpful for buyers, the primary responsibility of the seller is to disclose the existence of defects rather than to provide repair cost evaluations. This keeps the focus on the factual condition of the property.