California Real Estate Disclosure in the 21st Century
In 1872, California became the third state, behind Georgia and Dakota Territory, to adopt a statewide civil code, consolidating into one document various principles of California common law. Among other things, the California code requires sellers of real estate or their representatives to provide the buyer with a Natural Hazard Disclosure (NHD) statement on the property that is changing hands. In 1999 one-stop shopping finally came to California real estate disclosure. Formatted by a third party company to meet legal standards,the statements include mapping and information on flood hazards, possible dam inundations, high fire and wildland fire hazards, earthquake fault zones and seismic hazards. Perhaps the best part, however, is that due to automation the statements can now be delivered online, usually in just a few minutes. This saves you time and money.
Now that we understand the basics of real estate disclosure California style, let’s see what else one of these third party companies have to offer that can save the customer time and money. When shopping for a company that prepares disclosures, see if you can find one that also offers property insurance. This is something else that you are going to need; might as well go ahead and take care of it now. In actuality, the insurance will probably be provided by an affiliate company that is an independent agency. They can shop for the best deal for you. Now you have secured reasonably priced property insurance and a quick, affordable California real estate disclosure. What else could you possibly need?
Well, how about a 13 month home warranty? Any glaring defects in the home will certainly make themselves known within the first 13 months. In the meantime you can enjoy the peace of mind offered by a warranty for under $25 a month.
This country and the world in general have a lot of economic woes these days. For those who can manage it, though, now is an ideal time to purchase a new home. Prices are down, interest rates may never be this low again, and modern automated disclosure companies are ready to help. Despite the world’s difficulties, life is better now than it was in 1872.