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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.
In several states, a seller may voluntarily complete a commercial disclosure form. For example, the Arizona Association of Realtors (\u201cAAR\u201d) created a disclosure form to help a seller of commercial property inform a prospective buyer about the property.
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.
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.
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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A Michigan property disclosure statement is a form through which sellers must report the condition of their residential real estate to potential buyers. The items specified may include pending legal cases, unpaid fees, property defects, or damage from flooding or fires.
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.
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 several states, a seller may voluntarily complete a commercial disclosure form. For example, the Arizona Association of Realtors (\u201cAAR\u201d) created a disclosure form to help a seller of commercial property inform a prospective buyer about the property.
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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