Selling a home in California involves navigating specific legal requirements to ensure a fast and compliant transaction. Firstly, sellers must disclose any material facts about the property’s condition to potential buyers, typically done through a Transfer Disclosure Statement (TDS). A Preliminary Title Report (PTR) and title insurance are needed, too, with the buyer and seller typically negotiating who pays for the title insurance. Escrow agents play a crucial role in facilitating the sale, holding funds and the deed until all conditions are met. And lastly, understanding the transfer tax imposed on the sale, which varies by location and can be negotiable with the buyer, is necessary for a successful transaction.
Importantly, consult with a real estate broker or escrow agent to ensure compliance with local customs and regulations.
What is your home worth? click here.
Homes for sale in Carmel Valley click here.
Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
