Get Napa County Real Estate Disclosure Advisory

How do you use a statewide buyer and seller advisory? As mentioned, whether you are buying or selling a home in the state of California, you must go over the SBSA to ensure that you either have disclosed or been made aware of everything that you need to know about the property in question.

Under California law, all material facts that affect the value or desirability of the property must be disclosed to the buyer. There is no specific definition or rule on what is considered to be a material fact.

Property sellers are usually required to disclose negative information about a property. It is usually wise to always disclose issues with your home, whether you are legally bound to or not. The seller must follow local, state, and federal laws regarding disclosures when selling their home.

If a seller fails to disclose, or actively conceals, problems that affect the value of the property; they are violating the law, and may be subject to a lawsuit for recovery of damages based on claims of fraud and deceit, misrepresentation and/or breach of contract.

As a broad rule, all sellers of residential real estate property containing one to four units in California must complete and provide written disclosures to the prospective buyers.

The Transfer Disclosure Statement (TDS) is required in the state of California unless the seller (or transferor) meets one of the following conditions: Court-ordered sales such as probate sales, foreclosure sales, sale by bankruptcy trustee, eminent domain.

Napa Valley Will Continue to Attract Visitors Investors know that the more active a community is, the more interest there will be in the property. As one of the busiest tourist spots in the nation, Napa makes a fantastic spot to invest in real estate.

You May Also Need to Complete One or More of These Disclosures: California Death on Property Disclosure. California Hazardous Substances Release Disclosure. California Window Security Bars Disclosure.