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Natural Hazard Disclosure Report (NHD): Disclosing Disaster Risk When You Sell a House

HomeLight

If you need assistance completing California’s Natural Hazard Disclosure (NHD) Statement and Disclosure Report, HomeLight encourages you to reach out to a professional advisor. Let’s break down the contents of this document and explain its uses so you can keep your home sale on track. Why do I need an NHD report?

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How to Sell a House by Owner in California (2023 Updates)

HomeLight

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).

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Disastrous Disclosures

The Residential Specialist

Like residents, the real estate market is resilient. It is necessary to fully disclose all information important to the sale and that may affect a buyer’s decision to purchase,” he says. Real estate professionals have a duty to disclose hazards, defects and other various factors or otherwise risk facing a lawsuit for damages.”.

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Flood Plains, High Winds, and Leased Land: Your Guide to Buying a House in Palm Springs

HomeLight

A shortage of homes for sale. As Hamilton says, “right now, our inventory is half what it was a year ago, so the number of homes available for sale is really low.”. Talk to your agent about whether they think the sales price is fair; an appraisal can protect you from overpaying for a house.). Part of the reason?

Land 66
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How Much Are Closing Costs in California?

HomeLight

Your California dream home has just come on the market, and you’re eager to make an offer. When it comes to who pays closing costs in California, both buyers and sellers are responsible for certain fees in a home sale transaction. Anthony Navarro Real Estate Agent Close Anthony Navarro Real Estate Agent at Harper Real Estate 5.0

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The Key Paperwork You Need to Sell a House, With or Without a Realtor

HomeLight

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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5 Potential Items For Disclosure in Real Estate

Realty Biz

But if there are potential environmental dangers nearby the home, the requirement for disclosure is less clear. In California, for example, sellers are required to reveal potential environmental hazards. The Natural Hazard Disclosure Statement requires the seller to detail risks from earthquakes, floods, fires, and more.