Methamphetamine (§25400.28) – If a person wishes to sell a residential property contaminated with the hazardous chemicals used to produce methamphetamine, they must first send a pending notice to the potential buyer pending confirmation that the property is considered safe. (The buyer must confirm in writing that it has received the notification.) Real estate purchase contracts usually include promises and provisions guaranteeing the condition of a property. In some states, sellers must provide additional documents that guarantee the condition of the property. While other states require the seller to reveal a certain type of problem on the ground – for example. B a clerical error. In California, in addition to the sales contract, you have to fill out the following documents: I really like, as you explained, that all home sales in California are “as seen”. My aunt and uncle just moved to California and I heard them tell my parents about it! I didn`t realize it and I will definitely keep that in mind if I decide to move to California for my new internship! A contract for the purchase and sale of residential properties in California is a contract between a natural/legal person who sells real estate and the natural/legal person who wishes to purchase that property. The parties, buyers and sellers, agree on the terms of this Agreement in order to reach a mutually beneficial agreement. A price is set by the seller (and possibly negotiated by the buyer) and a closing date for the sale is implemented.

A purchase and sale contract also contains agreements and provisions covering everything from financing options and serious money to the condition of real estate and inspections. It is the seller`s legal duty to include a disclosure informing the buyer of any questions regarding the condition of the property. Transfer Disclosure Statement (TDS) (CC § 1102) – Specific form required by the seller of a residential property. If a buyer does not receive any of the information mentioned below, they may have 3 days to terminate their contract (or 5 days from the date of shipment) by sending a notification to the seller or the seller`s representative (CC § 1102.3). California property tax law requires the assessor to revalue the property at the time ownership of the property changes. Under this law, you can receive one or two additional tax bills depending on when your loan closes. Declaration of Conformity for Water Heaters [Section 19211(b)) – Sellers of real estate must confirm in writing that the water heater contained in the property is properly secured to avoid displacement in the event of an earthquake. (The title form also contains the declaration of conformity of the fire detectors.) If you hire a broker in California to help you buy or sell a home, they will use a standard purchase agreement for that transaction. You see, brokers are not lawyers (at least not most of them), and they are not licensed to practice the law, so the California Association of Realtors lets its Atttorneys design these standard form agreements for brokers and their clients…