Seller Disclosures and Repairs
It's a given, most homes need some maintenance and repairs, but many home buyers don't want to purchase someone else’s problems. Repair items that buyers can see or their
home inspector is likely to discover before you list the property for sale. Agave Premier Properties can guide you and recommend licensed contractors to do repairs that you don't feel comfortable in doing yourself.
Being
upfront and forthcoming about any of your home’s issues will save you lots of
money and time, especially if the buyers end up uncovering problems
themselves. And they will. On average, home buyers request a 10 day period to do inspections of the property with a professional home inspector.
Arizona law requires the seller to disclose material (important) facts about
the property, even if the seller is not asked by the buyer or a real estate agent.
These disclosure obligations remain even if the seller and the buyer agree that
no Seller’s Property Disclosure Statement (“SPDS”) will be provided. The SPDS is designed to assist the seller in making these disclosures.
Seller Disclosures, Repairs Negotiations, and Walkthroughs
Seller Property Disclosure
Seller must disclosure prior repairs and present to buyer within three (3) days after contract acceptance
Residential Buyer's Inspection Notice and Seller's Response
Once inspections have been completed, the buyer will negotiate the seller of any repairs they may want to be completed to the property.
Buyer Pre-closing Walkthrough
Buyer entitled to inspect the property, to verify repairs, before closing on the transaction.
Sellers Need not Disclose Past Deaths, Crimes
Under the Arizona stigmatized property law a seller, a landlord, and any real estate agent are not required to disclose that a natural death, a suicide, or a homicide occurred in the home.