What is the purpose of the West Virginia residential property disclosure form?

The West Virginia residential property disclosure form serves the crucial purpose of informing potential buyers about the condition of the property. This form requires sellers to disclose any known defects, repairs, and pertinent information regarding the property's systems and structure. By doing so, it helps buyers make informed decisions based on the current state of the property. Transparency in disclosing such information is essential, as it can significantly impact a buyer’s perception of value and their willingness to proceed with a purchase.

The other choices do not align with the primary function of the disclosure form. Outlining property taxes is relevant to homeownership but is not the focus of the disclosure form. Similarly, calculating closing costs and providing financing options are processes that occur later in the transaction and are not covered by the disclosure form itself.