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While specific disclosures are dependent on state and local law, sellers are typically required to list any completed repairs, information about natural hazards, property defects, missing essentials, land-use limitations, HOA guidance, deaths on the property, and any other conditions that might negatively impact the
A SPIS, or Seller Property Information Statement, is a document prepared by the seller containing useful, pertinent information about your property. This can include known defects, hazards, renovations, or improvements.
Sellers must provide buyers a signed and completed property condition disclosure statement before the buyer becomes contractually obligated to purchase a property. This applies to all residential sales, including bank-owned properties and estates.
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Buying a property is a big investment, often the biggest individuals make in their lifetimes making the Sale and Purchase Agreement one of the most important documents they will ever sign.

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