Selling your Temecula is an undertaking any day, lots of paperwork and chances are, it doesn't all make sense. No to mention that you need to figure out if you have enough equity to even sell it - or if you have to chase down other options.
And on top of that, there is one form you really want to look out for - the WPA - I know, it's just paperwork, but let me explain why our brokerage do not like this one.
The intent of the WPA is to assign expenses, in case there are things like termites, dry rot, etc. The problem is that when a buyer sends this over, they are asking the seller to pay for certain repairs, although no inspection has been performed, essentially you are going in blind as far as what the cost is going to be.
See where I'm going with this? You are agreeing to fix something, but you don't know if it is a board or a complete patio cover... Consider further that there is no requirement, by law, for a Termite Clearance in California.
Considering that CA state law considers a sale of real estate "as is", this makes very little sense if any.
So here's the funny thing, the WPA was actually removed from Residential Purchase Agreement that we write offers on, but some brokers are still insisting on these - even listing brokers, that just makes me scratch my head.
I'll gently suggest that this be an interview question for your next realtor...
Comments (0)Subscribe to CommentsComment