What must be included in the written disclosure of a property's condition in Arkansas?

In Arkansas, the written disclosure of a property's condition specifically requires that known defects, the age of major systems, and past repairs be included. This information is critical because it provides potential buyers with insights into any existing problems that could affect the property's value and their decision to purchase. By disclosing known defects, sellers help ensure that buyers are fully aware of any issues, which fosters transparency and helps prevent potential disputes after the sale.

Additionally, including the age of major systems, such as plumbing, electrical, and HVAC, offers buyers an understanding of when these systems might need maintenance or replacement, allowing them to budget accordingly. Past repairs can indicate how well a property has been maintained and whether there might be recurring issues. Together, these elements contribute to a clear picture of the property's condition, which is essential for informed decision-making by the buyer.

Other options, while they may offer valuable information, do not align with the specific requirements for disclosures in Arkansas. Estimated market value and location benefits, future development plans, neighborhood demographics, historical price trends, and ownership history are relevant for a broader perspective but are not mandated in the disclosure regarding the property’s current condition.