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What is an PDS It's a Seller PropertyDisclosure Statement and if you're buying a home in Arizona you need these tips Hey everyone Welcome back I'm Lindsay with the Wise Move AZ Team at Realty ONE Group If you want to stay up to date on all things Anthem and real estate then you need to hit that subscribe button Tip You're also going to want to hit the little bell icon so that you're the first to know when our new videos are posted every single Thursday As your Anthem Arizona REALTOR I've worked with a number of families to ensure a smooth purchase of their home A lot of work goes into purchasing a home; and making the most of your due diligence period is imperative One important piece of the due diligence period is receiving and reviewing the Seller Property DisclosureStatement You may hear the Seller Property Disclosure Statement referred to as the PDS or the 'Spuds' Truthfully it doesn't matter what you or your agent call it as long as you take it seriously At the end of this video'll give you a blank copy of the Seller Property Disclosure Statement so that you're well-prepared when the time comes to buy your Arizona home so stick around PDS is designed to protect the seller and educate you the buyer This 8page document gives the Seller the opportunity to disclose important information about their home to you Why is this so important Sellers are legally obligated to disclose all known material facts about the property to the buyer Also on a lighter note putting everything in writing and handing it over to potential buyers can reduce the number of questions going back and forth It's a win-win I promise The PDS will basically paint a picture of the history of one of the most valuable assets you may ever own To say it's important would be a serious understatement In this document you'll find information about the sellers' ownership building and safety information utilities environmental information sewer or wastewater treatment and so much more With all that being said here are our top five tips to help you the buyer make the most of this important document during your due diligence period #1 Read it Thoroughly The key to Thespis is to read it You don't want to move into your new home and find out that there's a leak in the roof that was disclosed in this PDS, but you didn't know about it simply because you didn't read them It happenstance the time to read the PDS cover to cover and make note of anything you'reconcerned about #2 Ask questions If there's anything you don't understand or that doesn't sit right with you ask questions and do your researching awesome tool to help you verify information is the Buyer Advisory I divan entire video on the Buyer Advisory so feel free to check that out if you'reinterested If you aren't able to find the answers you need, or you're not sure where to look let your REALTOR know They may be able to point you in the right direction They can also liaise with the Sellers' Agent if you happen to need more...
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