Mitch Canin, the Canin Group

(520) 907-6526

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Mitch Canin

35 Years Experience – Over 1500 Transactions

  • Dedicated
  • Exacting
  • Compassionate
  • Innovative

Phone

(520) 907-6526

Office

  • 7423 E. Tanque Verde Rd.
  • Tucson, AZ 85715

Email

Canin.mitch@gmail.com

The Canin Group's Blog

WHAT IS A “SELLER PROPERTY DISCLOSURE STATEMENT” OR “SPDS?”

December 15th, 2017

Sellers are required by law to disclose all known material (important) facts to any prospective buyer on the 7 page “SPDS” questionnaire. Questions addressed on the SPDS include but are not limited to the following:

  1. Whether and how long the home has been a rental.
  2. Whether and how many liens exist against the property.
  3. Roof history. Past or present leaks? Replacement? Is there a warranty?
  4. Type of plumbing and any past or present plumbing problems.
  5. History of the current electrical heating and cooling systems. Age of the systems, present or past problems etc.? How remedied?
  6. Has there been a history of mold? Where was it localized and how was it remedied?
  7. Questions relating to the foundation. Cracks or soil settlement problems?
  8. Termite history? Is or was there damage? Was it treated? Is there a warranty?
  9. Is the property is a flood plain, near an airport? Is there a halfway house or drug treatment center in the vicinity?
  10. Have there been insurance claims of any kind? If so, what was the nature of the claim(s)?

When filling out the SPDS, sellers should always “over versus under” disclose. The failure to disclose can lead to legal claims of fraud and/or misrepresentation and all the attendant stress and financial consequences inherent in the legal system.