What documentation must sellers provide about repairs under current contracts?

Sellers are required to provide complete documentation and proof of payment for any repairs made under current contracts. This ensures transparency in the transaction and gives buyers confidence regarding the condition of the property. Complete documentation may include invoices, receipts, and detailed descriptions of the repairs done, showcasing that they were completed by licensed professionals when applicable. This fosters trust between the parties involved and helps avoid disputes later on concerning the property's condition. Buyers benefit from having a clear understanding of any repairs that have been completed and the costs associated with them, which can influence their decision-making regarding the purchase.