What is the purpose of property disclosure in real estate?

The primary purpose of property disclosure in real estate is to reveal the condition and defects of a property before it is sold. This disclosure is crucial because it fosters transparency between the seller and prospective buyers, helping to build trust in the transaction. By providing an accurate representation of the property's condition, sellers can allow buyers to make informed decisions about whether to proceed with a purchase. This practice not only protects the buyer's interests but also helps the seller avoid potential legal repercussions related to undisclosed issues, as failing to disclose significant defects can lead to disputes after the sale.

The other options do not align with the core intent of property disclosure. For instance, a sales pitch or advertising is aimed at promoting the property, rather than focusing on its actual condition. Outlining the terms of sale pertains to the transactional aspects rather than the physical state of the property itself. Thus, property disclosure specifically targets the truthfulness about the property's current state, making it a vital element in real estate transactions.