The Residential Seller Property Disclosure Statement — commonly called the SPDS (pronounced "spuds") — is the form a seller uses to disclose known material facts about the property. It covers a wide range of topics including the physical condition of the structure, roof, plumbing, electrical, HVAC, pool, and other systems, as well as legal issues, HOA matters, environmental concerns, and neighborhood conditions.

The SPDS is completed by the seller to the best of their knowledge. It is not a warranty and does not replace a professional inspection — but it is a critical starting point for understanding what the seller knows about the property.

For horse property and acreage buyers, the SPDS sections covering water source, well condition, septic systems, zoning, and agricultural use are especially important. These sections can reveal issues that would not be apparent from a standard home inspection.