Telling anyone who will listen “I’d like to sell my home fast for cash in Sacramento?” You’re not alone. Unfortunately, when you’re selling your Sacramento home, there might be a few blemishes in the house’s history. But never fear- not everything in the house is something you need to disclose to a buyer.
California Disclosure Laws
In California, the disclosure laws are simple. Anyone selling a residential property must make them, in writing, to anyone buying a residential property. There’s no real time limit; it can be anywhere from two days after they begin to negotiate, before the open house even begins, or even before you put the house on the market. It just has to get done before you transfer the title.
What You Need To Include In A Disclosure
First of all, you need to get the basics- has anyone died in your house in the last three years? If they have, that’s the first thing that needs to be disclosed. Second to that are major house problems, like currently-broken plumbing, a leaky roof, or a damaged fireplace. You need to tell a buyer what the neighborhood’s like, too, and if it’s a very noisy place to be. You’re also mandated to show that you have the right smoke detectors in and the water heater is properly equipped to handle an earthquake. Depending on who you do your transaction through, you might need to talk about your current mortgage, and any still-standing contractor work you haven’t paid for yet. If there are any liens against the house, you also need to disclose that to the buyer.
Why You Should Give Your Buyer A Disclosure Statement
If you want to sell your home fast for cash in Sacramento, one thing you should consider is giving buyers a disclosure statement. If you don’t, they’re free to back out of the deal at any time. No matter how far you are, even if it’s ten minutes before you hand over the deed- if you haven’t provided a disclosure, the buyer can back out. Needless to say, this can be frustrating. It’s almost simpler to just provide a disclosure statement in the first place.