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You go to investigate the root cause of the water intrusion and discover something worse than wet carpet: evidence that the seller likely knew about the issue and told you nothing (nada! This is the exact type of unfair scenario that sellerdisclosures are supposed to protect you from as a homebuyer. Full disclosure.
What are sellers required to disclose in California? 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.
Pre-listing home inspection As the seller, it may be helpful to get an inspection of your home done before selling your home , though in most markets the buyer will pay for a home inspection and most states do not require a pre-listing home inspection.
If you need assistance navigating the legalities of what to include on a home sellerdisclosure form in California, HomeLight always encourages you to reach out to your own advisor. California has complex disclosure requirements for home sellers. What is a seller’s disclosure? Does that sound like you?
Discuss inspection contingency. To determine how much you will make, first, you need to know: What expenses and closing costs sellers in California can expect. Pre-listing inspection. 1% to 2% of sale price (negotiable between buyer and seller ). You are responsible for many disclosures when selling a home in California.
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