Get Supplemental Disclosure Package for Residential Real Estate Sale

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CALIFORNIA SUPPLEMENTAL DISCLOSURES PACKAGE REQUIRED FOR SALE OF RESIDENTIAL REAL ESTATE CA37014BThe following Disclosures are contained herein: 1. 2. 3. 4. 5. 6. 7. 8. 9.Smoke Detector Statement

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FAQ

What is a disclosure packet?

A disclosure package is a collection of mandatory forms (such as Smoke Detector and Water Heater Statement of Compliance forms), East Bay ordinance forms and a collection of inspections paid for by the seller.

What is seller disclosure?

A Seller Disclosure is a set of documents completed by the seller of a home, listing any known issues with the property and any remodel projects completed during the time they owned the home. In most states, the seller is required to provide this disclosure within a few days of mutual acceptance.

What does seller disclosure mean?

A Seller Disclosure is a document provided by a home seller to a home buyer that outlines known issues with a property and other historical details. A seller disclosure often includes details about defective appliances or systems, known repair issues or history of leaks or environmental contamination.

What should a seller's disclosure include?

What is the purpose of a seller's disclosure?

A seller disclosure helps protect the buyer from defects or problems with the home and surrounding property. The seller lists any known problems with the property on the disclosure form, giving the buyer advance notice of any repairs that may need to be made.

Does buyer have to sign seller disclosure?

A: Some states require just about all sellers to provide a seller disclosure form to a buyer, but in some cases, a seller is not required to deliver the disclosure. For example, if the seller's home is part of an estate or a foreclosure sale by a sheriff or court, a seller disclosure form may not be required.

What is a property disclosure form?

A seller's disclosure form is a legally required statement that discloses important or relevant information to a real property buyer. A sellers property disclosure form is governed by state and federal laws. The parties to a seller disclosure agreement are the seller of the real property and prospective buyer.

What is property disclosure?

The property disclosure statement is a series of documents in which the seller discloses any kinds of issues, defects, or previous repairs for the home. ... To inform buyers about any issues with owning the home and. To legally protect the sellers from potential lawsuits in the future.

Is a property disclosure statement required?

The property disclosure statement is required in most States to be completed by the seller to inform the buyer of any material defects or information by law to be mentioned. ... Once completed, the statement must be delivered to the buyer before or at the time an offer is placed.

Who fills out the property disclosure statement?

The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy thereof to be delivered to a buyer or buyer's agent prior to the signing by the buyer of a binding contract of sale.

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