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Do I need Affidavit of property value in Arizona?

STATUTES AND EXEMPTIONS A.R.S. 11-1133 and 11-1137(B) require all buyers and sellers of real property or their agents to complete and attest to this Affidavit. Failure to do so constitutes a class 2 misdemeanor and is punishable by law.

What is an Affidavit in Arizona?

An affidavit is a statement that is sworn to before an authorized official such as a notary.

Is Arizona a mandatory disclosure state?

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

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 sellers disclosure report.

Which of the following parties is required to disclose any known material defects with a property?

Sellers and real estate professionals must disclose all known defects and hazards on a property. While a seller needs to be truthful, their agent also needs to investigate to make sure all known hazards and defects are fully disclosed to potential buyers.

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