What is the purpose of environmental disclosures in real estate transactions?

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Environmental disclosures exist to share knowledge about environmental hazards that could affect health or the property's value. By informing buyers about known conditions like asbestos, radon, mold, or lead paint, these disclosures help a buyer assess risk, budget for potential remediation, and negotiate terms based on real information. They are about enabling informed decision-making, not guaranteeing a hazard-free property or removing the need for inspections. The disclosures also clarify what the seller knows and must reveal, but they do not create a warranty that there are no environmental issues. In short, the purpose is to provide critical information so buyers can weigh health, safety, and cost considerations before purchasing.