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Under California law (California Civil Code Section 1100 et seq.), sellers of residential real property are required to disclose sufficient information to allow prospective buyers the opportunity to make a reasoned judgment when purchasing property.
Under California law, the seller is required to provide the buyer with a transfer disclosure statement, or TDS, which must provide full disclosure of anything of note about the property. Some of these issues may include: foundation cracks, faulty framing or door and window issues. bowing or slanting of floors and walls.
Before execution of a residential sales contract, the seller or his or her broker is required to deliver the statutory real estate transfer disclosure statement to the buyer, which contains a checklist to give notice of problems or potential problems with the property.
22 Οκτ 2024 · Learn what "caveat emptor" means for buyers and sellers in real estate. Discover the role of a real estate agent overseeing a caveat emptor transaction.
21 Οκτ 2024 · There are several mandatory disclosures that sellers in California are required to disclose during a real estate transaction. This includes, but is not limited to, the following: Transfer Disclosure Statement (TDS) A critical form required by California law.
26 Μαρ 2016 · California law requires sellers of residential property to make various disclosures to a prospective buyer. Specifically, among other things, sellers must deliver a statutory Transfer Disclosure Statement (the “TDS”) to the buyer prior to executing a sales contract.
26 Απρ 2022 · The prevailing rule in property buying and selling is caveat emptor – let the buyer beware. Also, a seller cannot be held accountable for failing to do something. Based on these standard legal rules, sellers do not have to inform buyers whether the property is stigmatized.
