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California has the Transfer Disclosure Statement and Seller Property Questionnaire , Naturalhazarddisclosure (NHD) expert’s report and accompanying NHD Statement , and several other disclosure forms that may be applicable to your specific property and sale. NaturalHazardDisclosure Statement.
100-$150 Naturalhazarddisclosure report This report is required to sell a home in a naturalhazard zone that is prone to earthquakes, wildfires, and other natural disasters. $99 Can I add closing costs to my home financing?
Mortgage and financing documents Youll want to put together all your home loan and financing forms you would have received from your mortgage lender. California also requires a NaturalHazardDisclosure Statement (NHDS) , a separate form that discloses potential hazards from six types of zones, including floods, fire, and earthquakes.
The mortgage lender might require a copy to finance the sale, so it would be good to have copies available just in case.”. The NaturalHazardDisclosure Report discloses which (if any) hazards your home has, such as being directly on a fault line, in a special flood hazard area, wildland fire risk, or being in an airport influence area.
Californias Department of Real Estate provides additional information in its Disclosures in Real Property Transactions. But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards.
California law requires sellers to disclose material facts about the property through the California Association of Realtors Real Estate Transfer Disclosure Statement and naturalhazards in the NaturalHazardDisclosure Report/Statement. MLS has field to mark a listing “as is”? Sell directly to a cash buyer.
California sellers must also disclose the following information: NaturalHazardDisclosure Report/Statement shows whether the home is in zones predisposed to earthquakes, flooding, fire, or wildland risks. Mello-Roos Bond and Taxes represent a special tax on property owners in a Community Facilities District.
Selling a home in California also requires these additional disclosure forms including: NaturalHazardDisclosure Report/Statement which shows whether the home is in zones predisposed to earthquakes, flooding, fire, or wildland risks. Neighborhood nuisances. Deed restrictions. Pending litigation or citations.
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