Easily Replace Value Choice in the Home Seller Form

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How to Replace Value Choice in the Home Seller Form

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hi its tip tuesday and todays topic of discussion is contingency on finding a replacement property so what does that mean well a lot of people that currently own a home have to sell that home before they can purchase another and thats what were going to discuss today so one of the main reasons why youd want to do this is you want to sell your house and take that equity to use as a down payment on a purchase or you dont want to have two mortgages that youre paying at the same time um or you dont qualify for two mortgages at the same time so you have to sell in order to buy something and then lastly you dont want to keep the house and rent it out youd rather just sell it and buy something else right and theres a lot of fear that goes along with this we hear it quite often um and i think the biggest fear is being homeless like selling your house and then having no place to go so were going to discuss briefly on how you can accomplish that so in the california real estate purch

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Which of the following sellers has to provide a TDS?

Who is Required to Provide a TDS? Generally, sellers (or transferors) of real property consisting of four or fewer dwelling units. A Mobilehome TDS (MHTDS) is required on the sale of personal property mobile homes and manufactured homes.

Who prepares and delivers the transfer disclosure statement?

The seller and any broker(s)/agent(s) involved are to participate in the disclosures. If more than one broker/agent is involved, the broker/agent obtaining the offer is to deliver the disclosures to the prospective buyer unless the seller instructs otherwise.

Which disclosure form is provided to sellers first?

When you make an offer on a home, one of the first pieces of paperwork youll get is a sellers property disclosure. Also known as a property disclosure statement, home disclosure and real estate disclosure form, this document contains a list of known problems with the home.

Which sellers are exempt from TDS in California?

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.

What is the seller CD?

The purpose of the Sellers Closing Disclosure is to show the purchase price and itemize expenses. The Sellers Closing Disclosure shows the purchase price and then a line item breakdown of every cost paid by the seller in two columns of whether it was paid before or at closing. Interactive Sellers Closing Disclosure.

What is the transfer disclosure statement TDS?

The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.

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 is a TDS seller?

One such tax is the Tax Deducted at Source (TDS) on the sale of property under Section 194-IA. Property here refers to only immovable property like land and buildings. Before making a payment to the seller, buyer has to deduct tax at the time of purchasing property.

What are the two main categories of disclosure in real estate?

Most Common Disclosures in Real Estate Natural Hazards Disclosure. First on the list is the natural hazards disclosure. Market Conditions Advisory (MCA) Market Conditions Advisory, also known as MCA, covers items more financial in nature. State Transfer Disclosure. Local Transfer Disclosure. Megans Law Disclosures.

Is TDS part of contract?

ing to the Section 194C of the Income Tax Act, any individual making a fee to a residential individual, who carries out work as a contract between the specified individual and the resident contractor, is obliged and required to deduct TDS (Tax Deducted At Source).

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