The Simi Valley California Supplemental Disclosure Package for Residential Real Estate Sale is a comprehensive document that provides vital information and disclosures for buyers and sellers involved in real estate transactions in Simi Valley, California. This package contains essential disclosures and documents required by law to ensure transparency and protect the interests of both parties involved in the sale of residential properties. One type of Simi Valley California Supplemental Disclosure Package for Residential Real Estate Sale is the Preliminary Title Report Supplement. This supplemental disclosure includes important information about the title of the property, including liens, encumbrances, and any other restrictions or legal issues that may affect the buyer's ownership rights. Another type of supplemental disclosure offered within the package is the Natural Hazard Disclosure Report. Simi Valley, being a region prone to natural hazards like earthquakes, floods, and wildfires, requires sellers to disclose any known issues related to natural hazards affecting the property. This report informs the buyer about potential risks associated with the property's location and helps them make an informed decision. The Seller Property Questionnaire is another significant document included in the Simi Valley California Supplemental Disclosure Package for Residential Real Estate Sale. This questionnaire allows sellers to disclose any known material facts about the property, such as repairs or renovations made, past infestations, warranties, or any disputes regarding boundaries or easements. It facilitates transparency between the buyer and seller and assists buyers in understanding the property's condition before making a purchase. Additionally, the package might include a Lead-Based Paint Disclosure if the property was built before 1978. This disclosure is crucial as it informs buyers about the potential presence of lead-based paint and the associated health risks. It also outlines the seller's responsibilities and any relevant testing or remediation completed on the property. The purpose of the Simi Valley California Supplemental Disclosure Package for Residential Real Estate Sale is to enable buyers to have all the necessary information to make informed decisions about purchasing a property in Simi Valley. It is vital that both buyers and sellers carefully review and understand the disclosure documents included in the package to ensure a smooth and legally compliant real estate transaction.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.