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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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How Much Are Closing Costs in California?

HomeLight

Title insurance is also divided between buyers and sellers. Buyers usually pick up the cost for the lender’s policy, but sellers pay for the owner’s policy that protects the buyer from title defects. In southern California, sellers customarily pay for title insurance and the county transfer tax, but split escrow charges with the buyer.

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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. 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.”. An accountant, attorney, lender or title company can also create a seller’s net sheet.

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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. MLS has field to mark a listing “as is”? out of 5 stars.

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What Must Be Disclosed When Selling a House in California?

HomeLight

When is the California disclosure form required to be submitted? The seller must provide the disclosure statement before transferring the title. The timing of the seller disclosure enables a buyer to be protected by the termination clause. Are there additional disclosure forms California sellers must complete?

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What You Need to Know About Selling Your House in California

HomeLight

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. Painting interior. Pre-listing inspection. Realtor® fees.