Page 60 - John Vietze Buyers Guide

12 Affidavit of Disclosure Apache: Cochise:

If the buyer is purchasing five or fewer parcels of land http://bit.ly/1FKUhk8 http://bit.ly/1oUS7ok
(whether improved or vacant), other than subdivided land, Coconino: Gila:
in an unincorporated area of a county, the seller must http://bit.ly/2F9PstM http://bit.ly/Yq3bV9
furnish the buyer with an Affidavit of Disclosure.
http://bit.ly/2MGVSpr Graham: Greenlee:
http://bit.ly/2SCTZu6
(AAR Sample Affidavit of Disclosure) http://bit.ly/2JGz2ZO
Maricopa:
La Paz:
13 Lead-Based Paint Disclosure Form http://bit.ly/2HzhhdR https://mcassessor.maricopa.gov/
If the home was built prior to 1978, the seller must Mohave: Navajo:
provide the buyer with a lead-based paint disclosure http://bit.ly/Yq6nAj http://bit.ly/1pWxgVA
form. Buyer is further advised to use certified Pima: Pinal:
contractors to perform renovation, repair or painting http://www.asr.pima.gov/ http://www.pinalcountyaz.gov/
projects that disturb lead-based paint in residential Assessor/Pages/home.aspx
properties built before 1978 and to follow specific work Santa Cruz: Yavapai:
http://bit.ly/1yRYwXl
practices to prevent lead contamination. http://bit.ly/1AsANj5
Yuma:
http://bit.ly/2O4pL4A (EPA) http://bit.ly/1FZ1uir
http://bit.ly/2O69Lik (ADRE Lead Based Paint Information)
16 Termites and Other Wood
14 Professional Inspection Report Destroying Insects and Organisms
The importance of having a property inspected by a Termites and other wood destroying insects are commonly
professional inspector cannot be over-emphasized. An found in some parts of Arizona. General guidance,
inspection is a visual physical examination, performed inspection report information and the ability to search a
for a fee, designed to identify material defects in the property for past termite treatments may be found on the
property. The inspector will generally provide the buyer Arizona Department of Agriculture website.
with a report detailing information about the https://agriculture.az.gov/pestspest-control/termites (AZDA-Termite
property’s condition. The buyer should carefully review Information)
this report with the inspector and ask the inspector
about any item of concern. Pay attention to the scope http://bit.ly/2GiGlIR (AZDA-Wood Destroying Insect Inspection Reports)
of the inspection and any portions of the property https://tarf.azda.gov/ (AZDA-Search for Termite Reports)
excluded from the inspection.
https://azashi.org/faq/ (FAQ’s – Home Inspections)
17 Foreign Investment in
15 County Assessors/Tax Records Real Property Tax Act (FIRPTA)
Foreign Investment in Real Property Tax Act (FIRPTA)
The county assessor’s records contain a variety of may impact the purchase of property if the legal
valuable information, including the assessed value owner(s) of the property are foreign persons or non-
of the property for tax purposes and some of the resident aliens pursuant to FIRPTA. If so, consult a
physical aspects of the property, such as the tax advisor as mandatory withholding 4mayapply.
reported square footage. The date built
information in the assessor’s records can be either https://www.irs.gov/individuals/international-taxpayers/definitions-of-
terms-and-procedures-unique-to-firpta (I.R.S. FIRPTA Definitions)
the actual or effective/weighted age if the www.irs.gov/Individuals/International-Taxpayers/FIRPTA-Withholding
residence has been remodeled. All information on (I.R.S. FIRPTA Information)
the site should be verified for accuracy. http://www.irsvideos.gov/Individual/education/FIRPTA(I.R.S.
FIRPTA Video)

Page | 5 of 13 Arizona Department of Real Estate Buyer Advisory (December 2020)