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Important and relevant issues which need disclosing are: Flooding issues, whether current or historic. Any known structural issues concerning the property. Proposals for nearby development and construction (if applicable)
A seller in Arizona is required by law to disclose material information about the property that the seller actually and personally knows of.
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.
In Arizona, home sellers have to disclose to buyers the termite history of the property. However, this means that the seller has to know that they have termites.
The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.
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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.
In the states where property sale prices are not available in the public records, the only way to get your hands on accurate sold comps is through the Multiple Listing Service (MLS). The MLS is a database that holds information on properties that are for sale and properties that have been sold within a state.
What Do House Sellers Have to Disclose? The main point to bear in mind is that you need to be honest and disclose all known information about the property, both positive and negative. Secrecy and deceit are not permitted under any circumstances and may even lead to prosecution.
A Sellers Disclosure is a legal document that requires sellers to provide previously undisclosed details about the propertys condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and its important for both those buying a house and for those selling a house.
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.

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