Lessors of Other Real Estate Property Forms for Phoenix
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FAQ
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: Ownership and General Property Information. Building and Safety Information.
Purpose: This Pre-Qualification Form is to be used in conjunction with an AAR Residential Resale Real Estate Purchase Contract or Vacant Land/Lot Purchase Contract (Contract). Lender indicated on lines 36 and 37 has consulted with. (Buyer) and submits the following: , assuming a monthly principal.
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.
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.
The new form provides more information than provided on the current Loan Status Report. The form sets forth the loan amount for which the buyer can prequalify, assuming a maximum monthly housing payment.
The Arizona Association of Realtors (AAR) has prepared a Pre-Qualification Form and Loan Status Update form for its member real estate brokers and their agents to use in conjunction with its standard real estate purchase contract.