“As Is” Sale Still Requires Seller Property Disclosure Statement (“SPDS”)

Question: We told our listing broker that we wanted to sell our Litchfield Park home for $695,000 “as is” with no repairs. Our listing broker has now brought us an offer for $695,000, but this offer requires us to complete a Seller’s Property Disclosure Statement (“SPDS”). Do we have to complete this SPDS if we are selling our home “as is” with no repairs?

Answer: Although legally you and the buyer could agree to no SPDS, most buyers, and their brokers, would demand an SPDS even with an “as is” sale. If you were buying a home “as is,” wouldn’t you still want an SPDS from your seller to disclose to you any defects or other problems that your seller had during their ownership of the home?

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