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Phoenix Real Estate and Homes for Sale | Jonathan Dalton, Realty ONE Group – (602) 502-9693

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SPDS

Think You’re Clever, Mr. Flipper, For Not Providing a Disclosure Statement

It’s not often that an idea developed after the second beer of happy hour stands up just as well in the light of day, but this is one of those situations. We were discussing the idea of the Sellers Property Disclosure Statement and the generally automatic verbiage in investor listings that the SPDS will not be provided because the owner never lived in the property. Not that living in the property has the slightest thing to do with the SPDS, but that’s a slightly different conversation. In any event, when a buyer adds the language “buyer understands no SPDS will […]