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For example, the standard Arizona real estate contract requires the seller to provide the buyer with a copy of a report showing a five-year history (or the length of time the seller owned the property if less than five years) of insurance claims filed on the property, called a Comprehensive Loss Underwriting Exchange (
Arizona Affidavit of Disclosure Information. Before a transfer of real property is finalized, Arizona law requires the seller to disclose material facts about the relevant property to the buyer in a seller's disclosure report.
Here are eight common real estate seller disclosures to be aware of, whether you're on the buyer's side or the seller's side.Death in the Home.Neighborhood Nuisances.Hazards.Homeowners' Association Information.Repairs.Water Damage.Missing Items.Other Possible Disclosures.
Environmental Information The seller must disclose any environmental issues or known issues with drainage, soil, fissures and dampness/moisture. The seller must also include any known issues with noise from highways or airports, traffic, landfills and toxic waste disposal near the property.
Arizona law requires the seller to disclose material (important) facts about the property, even if you are not asked by the buyer or a real estate agent. These disclosure obligations remain even if you and the buyer agree that no Seller's Property Disclosure Statement (SPDS) will be provided.