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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. Find an Agent Skilled at Handling Natural Hazard Reports HomeLight can connect you with a top-performing, trusted agent in your California market.

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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.

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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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Selling a House ‘As Is’ in California

HomeLight

Average days on market for California. Disclosures. 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.

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Disastrous Disclosures

The Residential Specialist

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.”.

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What Must Be Disclosed When Selling a House in California?

HomeLight

Some states have laws that require the seller to complete a disclosure statement or notice, and others do not. Find a Top Agent to Help You Navigate Disclosures. Is a seller’s disclosure required in California? California Civil Code §1102 requires a seller’s disclosure. Find Agent. Get Estimate.

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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. But Navarro cautions that seller concessions vary by county in California because the real estate markets differ. “In But in other markets or with slower-moving condos and multi-family properties, seller credits are becoming more commonplace.