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Real Estate Advisories and Disclosures for Home Buying in CA, Kodak Video Challenge

By Lynda Eisenmann

Real Estate Broker/Owner with Preferred Home Brokers 00402040

January 27, 2011 10:10 AM

When it comes to home buying or home selling it's crucial you have a good understanding of not only the process, but also the requirements and standards of practice when it comes to real estate disclosures.

Yet another item we commonly use by practice (not statue, not yet) however yet required and mandatory by many offices is the STATEWIDE BUYER SELLER ADVISORY(SBSA). This is a 10-page Advisory for both the buyer and the seller in the real estate transaction.

Included on page one, each with bulleted points:

BUYER RIGHTS AND DUTIES:
SELLER RIGHTS AND DUTIES:
BROKER RIGHTS AND DUTIES:

It's also important to note this advisory does not replace locally required discloures, it's to help make parties aware of the roles and duties of each in the transaction.

I'm a firm believer in providing as much advance information possible when it comes to home buying and homes selling, that's why I provide dislosures/advisories in advance when possible. Having the knowledge and understanding in advance can hopefully make the home buying process a litttle less overwhelming for consumers.

So when it comes to home buying or home selling in Southern California, contact me, you can reach me at Lynda@PreferredHomeBrokers.com. If you're a home seller check out my special site HomeSelling101.com. My company Preferred Home Brokers is a well established residential brokerage, we've been serving buyer and sellers for decades. I am the Broker and the Owner.

"This post is written as a submission to the ActiveRain Kodak Video Challenge contest. I have the chance to win the KODAK PLAYTOUCH Pocket Video Camera, great for realtors looking to
create wide angle home tours and real estate marketing videos!"

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Marchel Peterson

Results Realty - Spring, TX

Spring TX Real Estate E-Pro

Lynda, I thought we had a lot of disclosures but I think you might have us beat. We do live in the age of disclosure. The more the buyer/seller know the less problems that might occur.

Jan 27, 2011 02:29 PM

William Johnson

Retired - La Jolla, CA

Retired

Hi Lynda, Great job. You certainly have the video media nailed. Excellent job!

Jan 27, 2011 03:49 PM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

Lynda I love your videos; and you are always sharing great consumer information. Disclosure forms are big here in NY too.

Jan 27, 2011 04:13 PM

Lynda Eisenmann

Preferred Home Brokers - Brea, CA

Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Marchel~ You're probably right, CA has so many of them at times I think it can be even more confusing. All the more reason to provide them when possible in advance. Sort of in bite-size pieces.

William & Jennifer ~ Thanks so much.

Jan 27, 2011 05:53 PM

Gary Woltal

Keller Williams Realty - Flower Mound, TX

Assoc. Broker Realtor SFR Dallas Ft. Worth

Great info for California on the Disclosure and the video format is super on Buyer area and Seller area. I hope you are doing well.

Jan 28, 2011 03:20 AM

Karen Kruschka

RE/MAX Executives - Woodbridge, VA

- "My Experience Isn't Expensive - It's PRICELESS"

Lynda You are the true pro when it comes to consumer videos. Disclosure is such an important consideration these days

Jan 29, 2011 09:43 AM

Kate Bourland

Marketing with Kate - Redding, CA

Onlilne Marketing Mobile Marketing

I love Marchel's comment. We live in California, which means we can't get out of our own way. lol. Great Video. You make a "boring" topic interesting and easy to understand. Iremember you when I lived in Fullerton area. Good Stuff.

Jan 29, 2011 04:48 PM

Sheila Newton Team Anderson & Greenville SC

Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC

Selling the Upstate since 1989

Lynda.. Great video... wow.. you sure do have a lot of disclosures! Good luck in the contest..

Jan 30, 2011 02:31 PM

Lynda Eisenmann

Preferred Home Brokers - Brea, CA

Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Gary ~ Tnx, so good to hear from you my friend.

Karen You're right, disclosures are a big deal here, it's about (imho) consumers making informed decisions.

Hey Kate ~ Tnx, so u lived in Fullerton, it's right next door. Were you in the r.e. biz back then?

Sheila ~ Yes in CA we do, this video was based on just one of them, thanks for the visit.

Jan 30, 2011 04:28 PM

Pat Haddad, ABR, CRS, ePRO, GRI

Keller Williams Indianapolis Metro NE - Carmel, IN

Carmel, Fishers, Westfield IN Real Estate Expert

Lynda--I don't think they should have allowed you to compete in the video challenge---your experience is such an unfair advantage!! JK---but when are you going to start posting tutorials. Please start with which camera to buy. :-)

Jan 31, 2011 05:20 PM

Lynda Eisenmann

Preferred Home Brokers - Brea, CA

Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hey Pat, tnx but I'm learning like everyone else as we go. As for tutuorials on hardware or software I'm hardly the expert.

However...I did buy my second "flip-type" it's the zi8 by Kodak because it has a place for an external mic that the basic flip does not. I like them and use them both for different reasons. The zi8 has already been replaced with another at this point.

I found a little mic I ordered online for $25 and it has helped. I'm also learning to use the software suggested by Frank Garay (sp?) of the Think Big Work Small guys, he did a demo at an event I attended in Dallas in Dec.

So, we're all a work in progress at this point, thanks for the visit!

Jan 31, 2011 05:45 PM

Nick T Pappas

Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL

Madison & Huntsville Alabama Real Estate Resource

Lynda, we don't have state mandated seller disclosures here, but I think we are headed in that direction. We do however have a Brokers disclosure form. I agree with you about getting this out to all parties and like the way California has lumped it into one nice neat "booklet"!

Feb 02, 2011 03:29 PM

Lynda Eisenmann

Preferred Home Brokers - Brea, CA

Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Nick ~ Tnx for the comment, and I'm somewhat suprised about the lack of disclsoures in some states but I'd guess it's only a matter of time. Here, at times I really think they can be over-done with so many of them. That's another reason I like to provide them ahead of time.

Oh btw, the 10 pager I was referring to is just one of the many pages of disclosures.

Feb 03, 2011 10:16 AM

Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Lynda the motto I have always lived by in my Real Estate career is disclose disclose disclose!

Feb 05, 2011 12:30 AM

Deborah Nance

Orange County, Corona, Riverside, Los Angeles - Corona, CA

Southern California , Reverse Mortgage Specialist

Hi Lynda - I enjoyed your presentation - Well done! (I hope you win the camera!)

There are so many papers to sign for participants in the real estate business. I tell my loan applicants, "Just wait until the final loan docs come in, the stack is 3 times as thick as the application! Start exercising your fingers!" And that's just for the loan! They've already been through the paper mill just getting the home under contract. But, I have found, personally, that if I just slow down and read the documents there is some really good information in there. Way too much redundancy, but some great nuggets.

Feb 08, 2011 04:01 AM