How to Sell a Home
Video Tips Series for Carlsbad Home Sellers
Seller Disclosures
Selling your Carlsbad home is complex, and it takes time, no matter how experienced a seller you might be. This is true even in our busy market where inventory is low.
My “How to Sell a Home” tips and advice video series provides quick answers to important issues you face when selling your Carlsbad home, BEFORE you get started. You can view these videos on your iPhone, SmartPhone, or Tablet.
Check out the video below to learn more about seller disclosures!
WHAT ARE THE SELLER DISCLOSURES?
Once you have a written agreement with the buyers they will begin the due diligence process, including the physical investigation of your property (e.g., inspections). A big part of that due diligence period is reviewing Seller Disclosures. (Note - this discussion is specific to California; here in Southern California these disclosures are provided after the offer has been accepted)
Some Seller Disclosures are mandated by California or federal law, although there are some exceptions depending on who the seller is and the type of property, and in some cases the age of the property (e.g., the federal lead disclosure is for homes built prior to 1978).
Most seller disclosures are informational (e.g., Market Conditions, Statewide Buyer and Seller Disclosure, Local Area Disclosures for San Diego County, Water Heater and Smoke Detector Disclosure, Carbon Monoxide Disclosure); all you have to do is review and initial/sign them. Others seller disclosures provide specific information you are required to share about your property.
The most important of these is the Seller’s Transfer Disclosure Statement (TDS), required for residential properties of 1 – 4 dwelling units. You are required to disclose, in writing, a wide range of information about your property, including known defects and any repairs or remodeling inside and outside. Any “Yes” answers to these questions require an explanation (e.g., there is an HOA).
A similar disclosure, called the Seller Property Questionnaire (SPQ), asks you to respond to 4-pages of questions about the condition of your property, with additional information that is not requested on the TDS. Again “yes” answers require additional explanation (e.g., the dishwasher was replaced in 2014; the AC unit is not working). You should be as thorough as possible, and not leave anything blank.
Want to know more? Check out Home Selling Tips and Advice to view my YouTube Channel playlist of short videos on how to sell your home, then give me a call (760-840-1360) to find out what your house is worth in today’s market. We’ll also discuss marketing, and I’ll answer any questions you have.
If you are interested in other topics or have particular questions about selling your home, please let me know and I’ll be sure to add them to my video series. Better yet, just give me a call (760-840-1360) so we can talk about your specific situation.
If you are relocating after you sell, Relocation Tips and Advice and my Relocation blog will be a big help.
And check out How to Buy a Home for great video tips on buying your new home.
Comments (4)Subscribe to CommentsComment