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The (TDS), is one of the most important and well-known seller disclosures. Who is Required to Provide a TDS? Generally, sellers (or transferors) of real property consisting of four or fewer dwelling units.
A homebuyer questionnaire is a list of questions provided by a real estate agent to help them get a better idea of what youre looking for in a home and how they can best help you. Along with your basic information, the questionnaire typically asks questions about the specific things you want and need in a home.
There is no legal requirement for a . These forms exist because CAR (The ) knows that the more the seller the discloses the safer they are. So, even though a seller is exempt.
This contract requires you to fill out the (SPQ) when you are required to fill out the (TDS). For more residential sales, you will be required to fill out the TDS by law, though there are exceptions. The SPQ protects you, the seller.
The SPQ is designed to trigger the sellers memory about the property and prompt the seller to disclose specific material facts. The seller must disclose all known material facts, even if those facts relate to things that occurred in the past, including prior to the sellers ownership of the property.
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PURPOSE: To tell the Buyer about known material or docHub items affecting the value or desirability of the Property and help to eliminate misunderstandings about the condition of the Property.
The following transfers are exempt from these disclosure requirements: The sale of new homes as part of a subdivision project where a public report must be delivered to the purchaser or a public report is not required.
The seller has to pay the TDS on property sale, but the buyer has to deduct it from the sale amount and submit it with the government.
When is the seller exempt from a Transfer Disclosure Statement ( The sale of new homes as part of a subdivision project where a public report must be delivered to the purchaser or a public report is not required. Foreclosure sales; Court ordered transfers;
10 Questions To Ask as a First Time Homebuyer How much mortgage can I afford? What do I need to qualify for a loan? Should I get a fixed rate or adjustable rate mortgage? What is PMI? Should I get a 15 or 30-year mortgage? How much should I put down? What are mortgage points? Will I have to pay closing fees?

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