Easily Replace Required Fields in the Home Seller Form

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How to Replace Required Fields in the Home Seller Form

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all right so today were gonna talk about the SP RP which is the form sellers purchase of replacement property sometimes you will go to list a home and one of the biggest fears that a seller has is that they are going to be homeless they go I dont want to sell my house and I wont have anywhere to move and my house will close and Ill be out on the streets and thats not gonna happen because you are going to protect your seller with this form so the very first thing youre gonna do is youre going to include this form via a counteroffer Im not gonna pull up the counteroffer here Im just going to say check the box for one D on the counteroffer its going to say additional addenda and then youre going to type in SP RP which then includes this as part of your counter make sure that you give yourself a few days to move out because when theyre home closes chances are this ones not gonna close till the next day or the day after so give them a few days to move out so possession to be de

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What is the statute of limitations for failure to disclose in California?

If a seller fails to disclose defects, it would be considered fraud. Under California law the statute of limitations for fraud cases is 3 years. Generally the cause of action for failing to disclose is for fraud. When you assert fraud you have 3 years to bring forth your cause of action.

Is the seller legally obliged to tell you about all defects and problems in the building?

While there is no legal obligation for the seller to reveal information about such defects voluntarily, they must answer any enquiries about the property honestly and accurately.

What are most seller property disclosures required for?

The answer is only residential properties. Most seller property disclosures are required for only residential properties.

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.

What happens if a seller fails to disclose a defect in a California residential real estate sale?

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 bdocHub of contract.

What has to be disclosed when selling a house in Kentucky?

Seller Disclosure Laws The law in Kentucky states that sellers must reveal any known material defects of a property that may affect its value or desirability. The completion of this form by a seller, however, is not the same as a professional inspection.

Do you have to disclose defects when selling a house?

The answer is yes, you are legally obligated to disclose all known information about the property to potential buyers, both positive and negative.

How long are you liable after selling a house in California?

The 4-year statute of limitations for bdocHub of contract in California, Code of Civil Procedure 337 is a primary and critically important statute of limitation for all real estate sales, contracts and transactions, which potentially applies to every real estate transaction in California since all such transactions

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