When in Doubt California home sellers should make a complete disclosureWritten by Phyllis Harb
Property Condition - Seller’s What to Expect During Inspection Process The Transfer Disclosure Statement (T.D.S.) – Perhaps most important paper you will complete when selling your home Most sellers (other than institutional type) are required by law to disclose facts and defects, which materially affect value or desirability of their home. The Transfer Disclosure Statement (TDS) helps seller meet this requirement by providing a standardized format for most basic information. If seller does not fully disclose, buyer will be able to cancel escrow, or worse find out after escrow closes - Full disclosure can reduce or eliminate possibility of later legal action. Often, as part of “day to day” living in a home, certain items do not function properly, are overlooked and we just accept them. Some common problems: Does your doorbell work? Is clock on oven operating properly? Do all windows and doors open properly? Is there safety glass in shower & sliding glass doors? Are you aware of asbestos or lead based paint? How is your water pressure? Are any of your sprinklers broken? If you have a water softener is it owned or rented? Information about an alarm system should also be noted on T.D.S. Legally, you must also disclose any homeowner’s insurance claims made in last five years. When in doubt, disclose. Other than mandatory government retrofit (smoke detectors, water heater strapping, etc.), most sales in Los Angeles County are “as is”, subject to buyer’s approval of their inspection. There is no perfect house; problems disclosed to a buyer when a buyer is still excited about buying home are frequently easier for buyer to accept. Some Realtors, have buyer acknowledge receipt and approval of transfer disclosure at time of initial offer. The Physical Inspection In addition to your written disclosures, buyer is urged to contact a professional inspector for a more thorough evaluation of home. The inspector performs a visual examination of home and tests to see if all major systems in home are operating satisfactorily. The inspection is typically scheduled within ten to fourteen days after you and buyer have accepted terms of Real Estate Purchase Contract. A professional home inspection is an important line of defense for both buyer and seller of a home. It functions like a check-up from a doctor. If doctor suspects problems exist, he/she will send you to a specialist. A professional home inspector operates in much same way. When a problem exists with certain areas of home, inspector may recommend further evaluation by specialists, such as fireplace, seismic, etc.
| | How to find a mortgage with bad creditWritten by N Hynes
Shopping online for mortgages ought to be trouble free, even should you have poor credit or no credit score. You can nonetheless find a bad credit lender that can facilitate you. The internet has expanded international marketplace in a way never before possible, granting people looking for financial products such as loans unlimited choices. Whenever you shop for a loan online you are utilizing largest marketplace in world.The secret to getting cheapest home mortgage even with poor credit is to firstly be optimistic and persistent. Make contact with as many banking institutions and lenders as you have time for. There exists out there one or more online lenders who are able to assist you to get best mortgage loan for you situation. The solution is to find them, and to
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