California Termite Report Provision for Contract for the Sale and Purchase of Real Property
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How to fill out Termite Report Provision For Contract For The Sale And Purchase Of Real Property?
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FAQ
Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.
They don't usually require an inspection of the loan. The same is not true for an FHA, in FHA there are some requirements. But for the sake of conventional loans, an inspection is not required and an option, and only a home appraisal can do the job for you.
What Are the Mandatory Real Estate Disclosures in California?California Transfer Disclosure Statement (TDS)Declaring Material Facts.What Happens If You Don't Disclose Material Facts?
California Real Estate Disclosure Requirements In California, sellers must provide a Transfer Disclosure Statement (TDS) to any potential buyer whose offer has been accepted. This form asks specific questions about defects or malfunctions the seller may be aware of.
Termite inspections are not required in California during the sale of real property. This is typically seen as a negotiable part of the contract. When a buyer places an offer on a home they are considering purchasing they can ask that the seller provide a termite inspection and pay for repairs found in that inspection.
She said that every 2-3 years is about right, and reminded me that a good termite inspection will include areas where most homeowners don't go and might not notice pests, such as in the crawl space and the attic.
In California, sellers must provide a Transfer Disclosure Statement (TDS) to any potential buyer whose offer has been accepted. This form asks specific questions about defects or malfunctions the seller may be aware of.
Termites and the home saleTermite inspections are not required in California, nor are they customary in all regions. However, forward-looking buyers and sellers will order a termite inspection to ensure problems won't be discovered when it's too late.
In California and in almost all other states, sellers pay termite inspection costs. The cost is typically inexpensive, ranging from $50 to $150. Some termite companies even offer a free inspection in the hopes that they'll earn your business and can handle any necessary (and more expensive) treatment.
Buyer must give Seller copies of any Inspections Under Paragraph 12. B. II, the Buyer shall give Seller, at no cost, complete Copies of all such investigation reports obtained by Buyer, which obligation shall survive the termination of this Agreement.
