Which is true about well reports?

Well reports are critical documents in real estate transactions involving properties with wells, as they provide essential information regarding the well's condition, water quality, and other important details pertinent to the property's use. Securing well reports in writing from the seller ensures that the buyer receives accurate and traceable information about the well's capabilities and any potential issues that may exist. This written documentation is vital for transparency and due diligence in the transaction process.

Moreover, having a well report in writing can protect both the seller and buyer by providing legal evidence of the well's status at the time of sale. It also provides buyers with peace of mind, knowing they are informed about the property they are considering purchasing.

In contrast, leaving a well report as optional could lead to misunderstandings or disputes down the line regarding water access or quality. Relying on only the most recent report could overlook important historical data about the well's performance over time. Lastly, it is essential for buyers to have access to well reports; withholding this information could lead to significant risks for the buyer and is contrary to the principles of informed consent and transparency in real estate transactions.