Understanding Contractual Contingencies in Real Estate Transactions
Understanding Contractual Contingencies in Real Estate Transactions In the real estate market, buyers may have more leverage, which increases their chances of getting an offer accepted with contractual contingencies remaining intact. But what exactly are contingencies, and how do they affect real estate transactions? This article will explore the standard contingencies in the California Residential […]
Negotiating Repair Requests
Negotiating Repair Requests In a market where buyers have more leverage, sellers may be more willing to negotiate repairs than they typically are in a so-called “seller’s” market. Negotiating repairs can be a very important, yet very complicated, part of a sales transaction. Inspect early to allow time to negotiate The standard time period in […]
Using the Terms “as is” in a Real Estate Purchase Contract
Using the terms “as is” in a real estate purchase contract All C.A.R. purchase agreements include an “as is” clause, which states that the property is being sold in its current condition. The RPA-CA, for instance, contains this exact language in paragraph 11. Is it necessary for the seller to add extra language to ensure […]
Updating Disclosure Documents – What You Need to Know
Updating Disclosure Documents – What You Need to Know Introduction: When it comes to selling a residential property with one to four units, the seller has a legal obligation to disclose known material information affecting the value or desirability of the property. This is typically done through a Real Estate Transfer Disclosure Statement (C.A.R. Form […]
The Most Frequent Lawsuits Against Brokers
The Most Frequent Lawsuits Against Brokers Introduction: When it comes to selling a residential property with one to four units, the seller has a legal obligation to disclose known material information affecting the value or desirability of the property. This is typically done through a Real Estate Transfer Disclosure Statement (C.A.R. Form TDS) and a […]