Category: Completing Disclosures

  • Disclosing a Death on the Property

    By Home Bay

    Posted on December 7th, 2014

    It may sound strange, or even unreasonable, but a death on a property is considered a material defect that must be disclosed to the buyer, according to many state laws. Read on to learn more about disclosing a death. State laws vary, but at least in California, the following do NOT need to be disclosed: * You don't need to disclose the death if it occurred more than three years ago unless the buyer specifically asks about deaths on the property. In that case, you are required by law, to

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  • Wondering how Home Bay handles all the real estate paperwork involved in your transaction? Our team of real estate brokers and transaction coordinators provides the exact same forms and disclosures that you would receive from a real estate agent throughout the home sale process. Most of these forms only require you to initial specific areas or sign your name. However, there are some forms -- the transfer disclosure statement and seller property questionnaire [https://www.homebay.com/resources/

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  • When Home Bay affiliated brokers sign listing agreements, the listing agreements state the listings are "limited service." Limited service is a term of art that came out of the Justice Department anti-trust settlement with the real estate industry several years ago. The designation means the broker does some, but not all, of what a full service broker would do. When the broker inputs its listings into the MLS, it designates that the listings are limited service. Thus, both the MLS data sheets a

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  • SnapNHD [https://www.snapnhd.com/] is dedicated to providing home buyers and sellers with comprehensive natural hazard disclosure reports. In this post, you'll learn what a natural hazard disclosure (NHD) is, what the report covers, and what to look for. Understanding Your NHD Report: California law requires that you provide your buyers with this report during escrow and it's important you understand what it covers. The goal of the NHD report is to protect your buyers by informing them of nat

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  • Many sellers agree their most tedious task is gathering forms and completing their seller's disclosure [https://www.homebay.com/resources/sellers-disclosure-real-estate-sale/] packet. Disclosure questions are drafted by federal and state agencies and they can be repetitive and sometimes confusing. Luckily, Home Bay can prepare your disclosure packet for you and can answer any questions you have along the way. [https://www.homebay.com/sell/how-selling-works]Learn more about seller's disclosure pa

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