The Residential Seller Property Disclosure Statement (SPDS), used when buying and selling a home in AZ, is a very important document. The purpose of the Seller Property Disclosure Statement is to allow a property Seller to disclose facts about the home and property to potential home Buyers that could be of material importance in moving forward with the purchase of the home. WHAT IS A HOMEOWNER EXPECTED TO DISCLOSE TO A POTENTIAL HOME BUYER? Attorneys say people selling residential real estate need to disclose anything they know about the home, property or area that could be of material importance to a Buyer. 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:
 

  1. Ownership and General Property Information
  2. Building and Safety Information
  3. Utility Company Info
  4. Environmental Information
  5. Sewer and Water Water
  6. Miscellaneous Conditions and Explanations


ARE THERE THINGS A HOMEOWNER DOES NOT HAVE TO DISCLOSE BY LAW? According the the Residential Seller's Advisory, a home seller does not have to disclose that the property is or has been:
 

  • The site of a nature death, homicide, suicide or crime classified as a felony.
  • Owner or occupied by a person exposed to HIV or diagnosed as having AIDS or other diseases transmittable through occupancy of a property.
  • Located in the vicinity of a sex offender.