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Like residents, the real estate market is resilient. Exactly what must be disclosed and when varies by state, according to Reischer, who recommends consulting local and state real estate associations to determine requirements in individual markets. “It seems like there’s just constant construction here because of disaster relief.”.
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. New York: The disclosure is called the Property Condition Disclosure Act.
The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).
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?
Fear of the unknown can cause sellers high-level anxiety, especially in a shifting housing market. This article will walk you through how to price your home, disclosures, and other documents. If you’re selling on the open market , pricing your home right is one of the most critical steps. Less time on the market.
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