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Seller's Property Disclosure Statement (SPDS) - Mike D'Elena

Seller's Property Disclosure Statement (SPDS) - Mike D'Elena 2025

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The document is a Residential Seller Disclosure Advisory for Arizona, outlining the legal obligations of sellers to disclose material facts about a property to potential buyers. It emphasizes the importance of completing the Seller's Property Disclosure Statement (SPDS) truthfully and thoroughly, detailing various aspects of the property including its condition, ownership, and any known issues. The advisory also informs both sellers and buyers about their rights and responsibilities regarding disclosures, potential liabilities for nondisclosure, and specific exemptions under Arizona law.

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Is SPDS required in Arizona?

Thus, pursuant to the Contract, the seller is required to provide a SPDS in every transaction. Some sellers are reluctant to provide a SPDS.

What do you have to disclose when selling a house in Arizona?

The disclosure statement is divided into the following six sections: Property and Ownership. This section asks for general and legal information about the property, such as location, ownership, year built, easements or use restrictions, and occupancy. Building and Safety Information.

Does seller have to disclose previous inspection in Arizona?

Sellers must disclose anything material related to a property. And, in general, a history of problems or a prior need for repair fits the bill. Arizonas general disclosure obligation leads to that result. For example, a history of roof leaks is relevant to the quality of a roof.

Which disclosure is the most commonly required in a residential real estate?

The State Transfer Disclosure is required for all home sales in California. The transfer disclosure statement (TDS) evaluates the condition of a property. Every residential seller must complete the TDS document. It will let the buyer know about major defects at the property.

Is sellers property disclosure mandatory in Colorado?

Colorado Sellers Property Disclosure FormDisclosure Requirements. When you sell a home in Colorado, you need to make disclosures under the terms of the Sellers Property Disclosure statement.

What is SPDS?

A surge protective device (SPD) is a protective device for limiting transient voltages by diverting or limiting surge current and is capable of repeating these functions as specified. SPDs were previously known as Transient Voltage Surge Suppressors (TVSS) or secondary surge arrestors (SSA).

Which information must be disclosed to a prospective buyer regarding a residential property?

Things you should disclose to prospective buyers Its best to provide receipts and insurance claim information so buyers can see how you addressed the issue. Lead paint. Federal law requires homeowners to disclose any known lead-based paint if youre selling a home built before 1978. Hazardous conditions.

What is required to disclose real estate 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. As a practical matter, what is meant by material? You are not required to disclose every little detail about the property to the buyer, down to the last scratch on the floor.

Seller's Property Disclosure Statement (SPDS) - Mike D'Elena 2025

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