What is a pcd? - Written by Nadine O’Donnell

Definition of a PCD

This official NY State form is called a Property Condition Disclosure Statement and consists of 48 questions for the seller to answer about the condition of the property being sold. This is a statement of certain conditions and information concerning the property known to the seller.

This Disclosure Statement is not a warranty of any kind by the seller or by any agent representing the seller in this transaction. When a client is looking to sell their home, their agent will suggest they fill out the PCD. If the seller chooses not to fill out the form the buyer will be offered a $500.00 credit at closing from the seller. There are 2 exceptions to this rule, the sale of an estate or trust are not required to fill out this document nor will they offer a credit at closing.

For a seller we as agents suggest you disclose all concerns with the property up front so when a “major defect” during the buyer’s home inspection comes up it will not be a surprise to either agent. By the seller disclosing it up front it can take away some of the negotiating burdens during the contract.

For a buyer, it’s important to look at what the previous homeowner has revealed in the PCD. If there is anything concerning on the PCD be sure to mention it to your agent/inspector so they can look more in depth into that specific area or concern.

Some buyers worry that when a PCD has not been completed that the seller is hiding something. This can be true but there is other reason as well. Some people find the document very overwhelming; they don’t have good record keeping therefore are unable to answer the questions or maybe just busy planning the move.

When representing a buyer, I always remind them the best course of action is to have a home inspection which looks into the items listed on the PCD and more. If you have questions regarding a PCD please feel free to reach out to me with any questions.

I’m happy to help,

nadine@miucciogroup.com