There are varying opinions about the legal implications of a Seller Property Information Statement (SPIS). The SPIS is a valuable tool for potential buyers and can eliminate a lot of otherwise tedious question for sellers. Are there any problems with the water? When was the roof last shingled? Is the basement dry? Are there any structural problems? So on, and on, and on.

But by using a pre-printed form that addresses the issues that many home purchasers may have eliminates the need to answer these innocuous questions. By disclosing information up front you also eliminate some of the liability of the home sale. The issues that you do disclose are now buyer-beware issues therefore removing the liability of the issue from yourself, the home seller.

Although the forms will vary the same general information is included in them. Information concerning your homes structure, water supply, septic system, and an area to describe any upcoming local improvements.

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