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Is SPDS required in AZ?

Sellers are obligated by Arizona common law to disclose all known material facts about a property to the buyer. The SPDS is designed to provide this disclosure.

Is a seller disclosure required in Arizona?

A seller in Arizona is required by law to disclose material information about the property that the seller actually and personally knows of.

What disclosure form in Arizona is completed by sellers and divided into six sections that address the condition of the property?

Since that is a pretty broad statement, the Arizona Association of Realtors has created the SPDS form in an attempt to make the process as easy as possible. The disclosure form is divided into 6 general sections: Ownership and General Property Information. Building and Safety Information.

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Is SPDS required in Arizona?

Sellers are obligated by Arizona common law to disclose all known material facts about a property to the buyer. The SPDS is designed to provide this disclosure.

Is Arizona a non-disclosure state?

But, there are 12 states that are still considered \u201cnon-disclosure:\u201d Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.

What is the Arizona affidavit of disclosure?

Arizona Affidavit of Disclosure Information. Before a transfer of real property is finalized, Arizona law requires the seller to disclose material facts about the relevant property to the buyer in a seller's disclosure report.

Is AZ a disclosure state?

It is now basic Arizona law that a seller has an affirmative duty to disclose material facts concerning property or where, among other things, disclosure would correct a mistake of the other party as to a basic assumption on which that party is making the contract.

Is Arizona a full disclosure state?

Anyone selling a home in Arizona is required to disclose any known material facts and any defects or issues that should be known about their property.

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