If, as a seller, you paint over a water stain on the ceiling or patch over a tiny bit of dry rot in the bathroom, and you really truly believe these things will never cause the future homeowner any problems, you still must disclose them. Property-specific disclosures include things like a leaky roof, a well that runs out of water each September, or an addition for which there is no building permit. Typically, disclosures fall into three main categories: property-specific, proximity-specific, and regulatory.
Not every property requires every disclosure, but every property requires some disclosures.īottom line, if you are buying real estate and you do not receive several disclosures, something isn’t right. There are about 20 typical disclosure documents in California amounting to more than 225 pages of disclosure information. When selling real estate locally and throughout the state, sellers are legally responsible for disclosing anything they know (or should have known) that would negatively affect the value of the property or a buyer’s interest in owning it. In answer to his question, Mendocino County does not have any traditions about hiding information that should be shared. He then bought a property locally where the seller failed to mention some rather important details, not least of which was that neighbors called his house “the snake house” because it attracted so many rattlesnakes.
This gentleman sold his house in the Bay Area, where he disclosed everything he was supposed to. I received a letter recently asking if Mendocino County has “local traditions” around what is revealed when selling real estate.
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