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- You are not required to have a real estate attorney or agent. While several states require those who purchase real estate property to work with a real estate attorney, in California this isn’t the case.
- California laws for selling a home require an escrow agent. In order to sell a home in CA, an escrow agent is needed. The property being sold, its title, and the funds involved are held in escrow until specific conditions are met.
- A transfer tax is imposed. The sale of a California property is taxable. The transaction triggers a county transfer tax and, in some instances, a city transfer tax.
- The seller must disclose information about the physical condition of the home. In California, the seller is obligated to disclose specific kinds of information about the home or property.
When one sells residential real property in California, both the buyer and the seller must execute nearly fifty pages of documents that, among other matters, disclose required information about the property in question, ranging from location in flood and earthquake zones to whether a person has recently died on the premises.
Nov 9, 2023 · California Zoning Laws – Key Takeaways. Zoning Basics: Zoning laws determine land use in various categories like residential, agricultural, commercial, and industrial. Understanding your property’s specific zoning classification is crucial. Local Variation: Zoning laws vary by city, affecting permissible property uses and building regulations.
Feb 12, 2021 · Whether you’re searching for the best cities to start an Airbnb or the ideal place to buy a rental property, there are certain California real estate laws to be aware of—both as a homeowner and a buyer.
When applied to real estate, particularly in the U.S., a whale typically indicates an investor who, through significant acquisitions, has the power to influence market dynamics.
Subdivision types are defined by law and distinguished by ownership rights, not by physical design or architectural style. A standard subdivision may or may not have a homeowners association (HOA) and may or may not have Covenants, Conditions, and Restrictions (CC&Rs).
Mar 20, 2023 · When searching for a home or applying for a mortgage, you may hear your real estate agent or lender use any of the terms or acronyms below. Keep this guide handy — you'll be fluent in the language of home buying before you know it.
Homes.com offers in-depth research on neighborhoods, homes, and schools. Homes.com connects you to the listing agent, the person who knows the most about the home.
