What is the main purpose of a seller's disclosure statement?

The main purpose of a seller's disclosure statement is to inform potential buyers about known defects in the property. This document serves as a crucial part of the transaction process, ensuring transparency and allowing buyers to make informed decisions based on the condition of the property. By disclosing any known issues, such as structural problems, past pest infestations, or the state of major systems like plumbing and electrical work, sellers help potential buyers understand what they are getting into. This not only protects the buyer but also can protect the seller from future legal issues related to nondisclosure of known problems.

The other options address related but distinct aspects of real estate transactions. The marketing of a property involves strategies and processes for attracting buyers, while estimates of property taxes provide financial insight but do not directly relate to the condition of the property itself. Summarizing neighbors' opinions could contribute contextual information, but it does not fulfill the primary purpose of ensuring that buyers are alerted to any physical issues with the property that could impact their purchasing decision.