The Housechick Blog

No SPDS No CLUE.

Say what?

If you’re looking to buy a home in the Tucson area, I bet you’ve seen that more than once in the listing descriptions.  So what does it mean?

SPDS = Seller Property Disclosure Statement.  This is six pages of questions that a seller answers about their property.

CLUE = Comprehensive Loss Underwriting Exchange report.  A fancy name for an insurance loss history report.

Both are required to be delivered to a Buyer during the home inspection period per our standard Tucson real estate purchase contract.  But with the foreclosures and whatnot, there’s many a bank or seller that will not fill out and deliver those two documents.

So what do you do as the buyer? 

Well, for starters, I’ll give you a blank copy of the SPDS, so you know what a seller *would* have answered.  Maybe it will make you ask questions of the house you may not have thought of, or will prompt you to get that extra inspection NOW that you will have really wished you would’ve had when 2 weeks after close that one thing you didn’t look at or consider breaks/dissolves/lays eggs in your closet/is sucked into a gigantic earth crevasse in your back yard.