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

HomeLight

California has the Transfer Disclosure Statement and Seller Property Questionnaire , Natural hazard disclosure (NHD) expert’s report and accompanying NHD Statement , and several other disclosure forms that may be applicable to your specific property and sale. Natural Hazard Disclosure Statement.

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

HomeLight

Preliminary title report or “prelim”. Mandatory disclosures. Pre-listing inspection report. Home inspection report. Affidavit of Title. A new contract can be signed without the old contract, and the new buyer will conduct new inspections and obtain a new title insurance policy.”. Seller’s net sheet.

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How Much Are Closing Costs in California?

HomeLight

Common seller concessions include home warranty, home inspection fees, repair credits, and insurance for earthquakes and other natural disasters. Title insurance is also divided between buyers and sellers. These credits can be used for non-recurring closing costs such as points, title insurance, or escrow fees.

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Selling a House ‘As Is’ in California

HomeLight

California law requires sellers to disclose material facts about the property through the California Association of Realtors Real Estate Transfer Disclosure Statement and natural hazards in the Natural Hazard Disclosure Report/Statement. Consider a pre-listing inspection.

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What You Need to Know About Selling Your House in California

HomeLight

Discuss inspection contingency. Pre-listing inspection. Title fees. Selling a home in California also requires these additional disclosure forms including: Natural Hazard Disclosure Report/Statement which shows whether the home is in zones predisposed to earthquakes, flooding, fire, or wildland risks.

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What Must Be Disclosed When Selling a House in California?

HomeLight

The California disclosure form gives buyers the information they need to help them decide on purchasing a house. A California disclosure form is probably not going to ruin a sale. When is the California disclosure form required to be submitted? The seller must provide the disclosure statement before transferring the title.