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RE130 Sellers Property Condition Disclosuredoc Form

RE130 Sellers Property Condition Disclosuredoc Form

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[Music] hi there it's ryan with dohardmoney.com and today we're talking about what is an spd also known as a seller's property disclosure deadline basically this is the opportunity where the seller under a traditional real estate purchase contract if you're using the one that your board of realtors approves in that state they have this called a seller's property disclosure and a seller's property disclosure is basically where the seller is required to come up and say here's all the things that i know about this property so i may know that the property had a roof leak a few years ago i may know that the property had a plumbing issue that we had to get taken care of and so there's a specific form and on this specific form you say yes there's been a problem no there hasn't been a problem and there's a place for other it's different for every state this is not a state required form what happens

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