Using the Seller's Property Disclosure Statement
The Seller's Property Disclosure Statement (Form SPD) discloses known defects and conditions on the Property and complies with the Real Estate Seller Disclosure Law.
Exceptions for Using the Seller's Property Disclosure Statement
The Real Estate Seller Disclosure Law outlines 10 exceptions to using the Seller’s Property Disclosure Statement. If the transaction does not fit one of the exceptions, the seller’s disclosure is required.
Sellers may argue that they never lived on the property and have limited knowledge about the property condition so they can’t fill out the form. The seller disclosure form is still required, even if it may be less complete. It may also be in the seller’s interest to disclose material defects that were fixed in case issues reemerge after settlement.
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