The Seller Property Information Statement is to be completed by the Seller to Disclose Defects or issues about the property that might affect the Buyer's interest and/or valuation of the property. It is a legal requirement. The SPIS is an excellent way to do this. The Seller should complete this form, not the Realtor. The way to prove that the Seller has completed the SPIS is to have them read the questions back to you, the Realtor, as they complete them. Have them initial each answer in the correct square. If there is more than one Seller, have the other Seller listen to t he question. The first Seller, who is reading the SPIS can answer in the square by initialing in the left half of the answering square. At the end of the form completion, the second Seller who has been listening to the answers and adding additional feedback, can match the answers the first Seller has completed. Easy and Simple!
Then at the completion have both Sellers Sign the bottom of the form.
When a Seller simply puts an "X" or checkmark, courts have been proven to ask, "Who filled out this form?" and "How can I prove who filled this out?" The initialed form proves who completed it and when.
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