Disclosures in Real Property Transactions

There are numerous statutes which have a significant effect n real estate transactions in the areas of "disclosurs." The following is only a brief overview of disclosure requirements that may or may not apply to you and your situation. Because the laws concerning disclosure obligations change frequently, you should research any area of interest before proceeding and consult an attorney or your knowledgeable real estate professionals.

  1. Disclosures Upon Transfer of Residential Property.
    1. Real Estate Transfer Disclosure Statement.
    2. Local Option Real Estate Transfer Disclosure Statement.
    3. Natural Hazards Disclosure.
    4. Mello-Roos Bonds and Taxes.
    5. Ordinance Location.
    6. Window Security Bars.
  2. Earthquake Guides.
  3. Smoke Detector Statement of Compliance.
  4. Disclosure Regarding Lead-Based Paint Hazards.
  5. Structural Pest Control Inspection and Certification Reports.
  6. Energy Conservation Retrofit and Thermal Insulation.
  7. Foreign Investment in Real Property Tax Act.
  8. Notice and Disclosure to Buyer of Site Tax Withholding on Disposition of Property.
  9. Furnishing Controlling Documents and Financial Statement.
  10. Advisability of Title Insurance.
  11. Certification regarding Water Heater's Security against Earthquake.
  12. Database--Locations of Registered Sex Offenders.

You may als contact the following related government agencies for more information:

California Department of Real Estate                    www.dre.ca.gov

Federl Trade Commision
901 Market Street #570
San Francisco, CA 94103
(415) 848 - 500

Department of Housing and Urban Development
Office of Single Family Housing and Mortgage Activities
451 7th Street S.W., Room 9282
Washington, D.C. 20410
(202) 708 - 3175

Internal Revenue Service
1111 Constitution Avenue N.W.
Washington, D.C. 20224
(800) 829 - 1040

 


 

The Home Selling Process:

FSBO vs. Listing with an Agent      
Selecting the Right Agent to List Your Home    
Preparing Your House for Market     
Open House Preparation Checklist    
Escrow for Sellers & Buyers    
Escrow Flowchart    
The Title Company's Role    
Lender Assistance to the Seller    
Disclosures in Real Property Transactions    
The Appraisal     
Inspection & Home Warranty     
Federal & State Withholding Regulations     
Capital Gains    
Closing Costs     
Moving Checklist     
Glossary of Terms