When you sell your home, your real estate agent will present you with a mandated disclosure form called a residential Seller’s Property Disclosure Statement (SPDS).  Sellers are required to disclose “material (important) facts about the property.” The rule of thumb is always “when in doubt – disclose.” The disclosure statement allows the buyer to learn about the property and the seller’s experience with it. Seller disclosures can range from title issues, building and safety information, utilities, environmental information, sewer/wastewater treatment, and other conditions and factors.

When filling out your disclosure form it’s important to answer every question as truthfully as you can. You must answer the questions yourself, your real estate professional cannot fill out the disclosure for you. If you’re in doubt about what to disclose, such as a repair, it’s best to err on the side of too much information than not enough. The Seller’s Property Disclosure Statement is designed to hold you and your real estate agent harmless if you’ve disclosed the truth about your property. You don’t want to give the buyer any room for complaint after the closing. 

Don’t be afraid of the SPDS. It’s not meant to be a deal-killer, but a deal-maker. Many agents provide a copy of the disclosures to interested buyers, so they can get an idea of the home’s condition before they make an offer.

If you’d like to know more about the process of selling or buying a home, or have any other questions about real estate, don’t hesitate to reach out to me. I’m always happy to help!

Joe Karcie - RE/MAX Mountain Properties
731 W Gurley Street
Prescott, AZ 86305
(928) 776-7701

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