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Key Considerations for Selling a Home in Thousand Oaks
What Are The Key Considerations for Selling a Home in Thousand Oaks?
Jeff and Irina are top listing agents in the area. When selling a home in Thousand Oaks, or anywhere in California, it's important to be aware of the local and state-level requirements. Here are some key points to consider:
Disclosure Requirements When Selling a Home:
Sellers are required to disclose any known material facts about the property that could impact its value or desirability. This includes issues such as structural defects, water damage, or pest infestations. Failure to disclose could lead to legal issues down the line.
As-Is Condition:
Residential real estate in California is sold in as-is condition by default. This means the seller has no obligation to make repairs or do any work unless mandated by CA Civil Code or local area requirements for property transfer. However, many sellers will entertain "reasonable" requests for repairs or concessions.
Natural Hazard Disclosure:
When selling a home in California you are required to provide a Natural Hazard Disclosure (NHD) report or statement to the buyer. This report details whether the property is located in a flood, fire, earthquake, or other natural hazard zone.
Lead-Based Paint Disclosure:
If the property was built before 1978, home sellers are required to provide buyers with a lead-based paint disclosure, as per federal law.
#1031Exchange #AsIsCondition #CaliforniaRealEstate #CarbonMonoxideDetectorCompliance
Key Considerations for Selling a Home in Thousand Oaks
What Are The Key Considerations for Selling a Home in Thousand Oaks?
Jeff and Irina are top listing agents in the area. When selling a home in Thousand Oaks, or anywhere in California, it's important to be aware of the local and state-level requirements. Here are some key points to consider:
Disclosure Requirements When Selling a Home:
Sellers are required to disclose any known material facts about the property that could impact its value or desirability. This includes issues such as structural defects, water damage, or pest infestations. Failure to disclose could lead to legal issues down the line.
As-Is Condition:
Residential real estate in California is sold in as-is condition by default. This means the seller has no obligation to make repairs or do any work unless mandated by CA Civil Code or local area requirements for property transfer. However, many sellers will entertain "reasonable" requests for repairs or concessions.
Natural Hazard Disclosure:
When selling a home in California you are required to provide a Natural Hazard Disclosure (NHD) report or statement to the buyer. This report details whether the property is located in a flood, fire, earthquake, or other natural hazard zone.
Lead-Based Paint Disclosure:
If the property was built before 1978, home sellers are required to provide buyers with a lead-based paint disclosure, as per federal law.
#1031Exchange #AsIsCondition #CaliforniaRealEstate #CarbonMonoxideDetectorCompliance