Under a new Arizona law effective September 21st, sellers and listing agents can greatly reduce their liability for disclosures by obtaining a “disclosure report” prepared by a third-party provider. To qualify, the disclosure report must must be based on officially adopted governmental maps, and must include disclosures on the following 9 conditions:

1. Special Flood Hazard Areas
2. Military Airports or Ancillary Military Facilities
3. Military Training Routes
4. Public or Private Airports
5. Expansive Soils
6. Soils Subject to Fissures
7. Special Tax Assessment Areas
8. Radon Gas Potential Zones
9. Environmental Hazard Superfund Sites

While it is not mandatory, it is recommended that sellers provide these reports to their buyers. However, disclosure reports are also available to buyers if the seller or builder does not provide one. I highly recommend making the investment, whether you’re the Seller or the Buyer. It’s under $100 and your Realtor can direct you to a third-party source or arrange to have one ordered on your behalf.

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