Easily Replace Alternative Choice in the Home Seller Form

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How to Replace Alternative Choice in the Home Seller Form

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hey guys johnny barton here your lux agent here in los angeles and welcome back to the johnny be sold show so the question for the seller is can you cancel escrow with a buyer once you have accepted their offer and you are in contract with that buyer now this isnt a question ive seen come up from the seller side in my years of selling real estate its usually the buyer canceling on the seller for numerous different reasons now to answer the question though the seller cannot simply cancel escrow now there is one way the seller can simply cancel the contract and that is if the buyer and the seller agreed on the contingency that the seller is selling contingent upon them finding a replacement property so in the event that this contingency is present in the contract and the seller doesnt find that replacement property to relocate to then yes they can definitely cancel escrow but if the seller simply signed a california purchase agreement that a buyer signs you know the typical rpa and t

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What does California Civil Code 2079 does not require quizlet?

California Civil Code 2079 does NOT require: that agency disclosure forms be provided in raw land and business opportunity transactions.

How do you counter offer a house as a seller?

You can increase your asking price by enough to still get as high as your list price after paying the buyers closing costs. If your list price is $200,000, and the buyer offers $190,000 with $6,000 toward closing, you would counter with something between $196,000 and $206,000, with $6,000 for closing costs.

What does the California Civil Code apply?

The Civil Code of California is a collection of statutes for the State of California. The code is made up of statutes which govern the general obligations and rights of persons within the jurisdiction of California.

What is a substituted disclosure?

What is a substituted disclosure? A substituted disclosure is a disclosure that is intended to satisfy the disclosure obligations on [the TDS form], where the subject matter is the same. Section I specifically mentions a Natural Hazard Disclosure (NHD) Report.

What is the statute of limitations for Civil Code 2079?

The statute of limitations for actions for bdocHub of this duty is found in Civil Code 2079.4, which is 2 years, starting from the date of possession of the property, the date of recordation, close of escrow or occupancy, whichever occurs first.

Can I change my mind as a seller?

You cant rescind for no reason And in case youre wondering, theres no such thing as a right of rescission cooling-off period that would allow sellers to cancel certain types of real estate sales and loans within a set amount of business days, as there is for buyers in some cases.

What does California Civil Code 2079 require?

Under California Civil Code Section 2079, a sellers agent must (a) conduct a reasonably competent and diligent visual inspection of the property and (b) disclose to the prospective buyer all facts materially affecting the value or desirability of the property that an inspection would reveal. (Cal. Civ.

What does the Civil Code 2079 not require in California?

California Civil Code 2079 only establishes the selling brokers duty to inspect and disclose- the code does not apply to buyers broker.

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