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Warning Signs That Your Seller's Disclosure Isn't Telling Everything
When you purchase a Havasu home, you will receive a "SPUDS" form (Seller's Property Disclosure Statement or SPDS). On this form, the seller provides all the information they know about the property in question. This includes both the good and the bad, ie, anything that may materially affect the property's value. But how do you know if the Seller's Disclosure includes everything the seller knows? It can be difficult. But there are a few red flags you might want to watch out for.
How to Tell If Your Seller's Disclosure Might be Missing Important InformationThe Seller's Disclosure is actually a legally binding document. Read it over carefully. If you spot anything that raises a question, ask about it. If the seller hesitates in signing the document, that may be a sign that they haven't been entirely truthful. Likewise, if the seller refuses to complete the SPDS. The same goes for vague answers, such as "I don't remember" or "I don't recall". While it's OK for the seller to respond "that's the same water heater we've had since we bought the place" or "I was told the roof was redone two years before we bought the house", being deliberately vague could indicate that ... more

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