Buyers should make sure their agent supplies them with a hard copy and link to the helpful due diligence information document, prepared by the Arizona Association of Realtors® called the BUYER ADVISORY. The Buyer Advisory is a living document and it contains many helpful links to guide you through investigating areas of interest and property concerns. With this information you’ll know what to watch out for and inspect well before seriously considering a property. Things like plumbing, heating in areas where winters are harsh, and the roof are just some of the basics to keep in mind. Then comes any upgrades or overhauls you might want to implement in your home. Things like load bearing wall repositioning in order to have the amount of rooms and/or size that your family requires should be considered into the budget well in advance of making a decision.
Buyer Due Diligence
A buyer’s sole right to find any items that may materially or adversely affect their decision to purchase the home is during their inspection period. The default inspection/due dilligence period in the Arizona Association of Realtors® contract is 10 calender days, but can be longer if agreed upon by all parties in writing.
Here are some helpful links!
SEARCH ANY SUBDIVISION’S PUBLIC REPORT (FOR HOMES BUILT AFTER 1997)
CHECK OUT THE AZ DEPT. OF REAL ESTATE’S PROPERTY BUYER CHECKLIST
READ THIS IF YOU ARE PURCHASING A HOME
CHECK OUT LEAD-BASED PAINT INFORMATION FROM THE EPA
CHECK OUT US DEPT. OF HOUSING AND DEVELOPMENT INFO
GET MARICOPA COUNTY ASSESSOR’S INFO
CHECK OUT ARIZONA’S LICENSED HOME INSPECTORS
CHECK OUT ARIZONA’S OFFICE OF PEST MANAGEMENT! FIND OUT PREVIOUS TERMITE/WOOD-DESTROYING ORGANISM INFESTATION (CALLED TARFS) AND CONDITIONS CONDUCIVE TO WOOD-DESTROYING ORGANISM INFESTATION
REVIEW ARIZONA SWIMMING POOL BARRIER REQUIREMENTS (VARY BY COUNTY AND MUNICIPALITY)
LOOK THROUGH THE ARIZONA BOARD OF APPRAISERS
GET SEPTIC AND OTHER WASTE WATER INFORMATION
LEARN ABOUT WATER AND WELL ISSUES
FIND SCORPION INFORMATION
FIND ROOF RAT INFORMATION
FIND ENDANGERED SPECIES INFORMATION
LEARN ABOUT DEATHS OR FELONIES AT A PROPERTY. ( ALWAYS CHECK WITH LOCAL POLICE DEPT. TO CHECK THIS OUT IF IT IS IMPORTANT TO YOU)
LEARN ABOUT POSSIBLE MOLD AT A PROPERTY
CHECK FLOOD PLAIN STATUS
LEARN ABOUT INDOOR AIR QUALITY
CHECK OUT SOIL ISSUES- EARTH FISSURES CAN BE AN ISSUE IN PORTIONS OF THE SOUTHEAST VALLEY
Make sure your agent supplies you with the last 5 years of insurance claims history on a property. This information may directly impact your insurance premiums. Shop around for insurance during your inspection period. Question the seller about any claims made on the insurance during their ownership that may be discovered on the CLUE (comprehensive loss underwriting exchange) report.
Make sure your agent supplies you with the last 5 years of insurance claims history on a property. This information may directly impact your insurance premiums. Shop around for insurance during your inspection period. Question the seller about any claims made on the insurance during their ownership that may be discovered on the CLUE (comprehensive loss underwriting exchange) report.