Whether you’ve bought a home recently or 20 years ago, then you recall that there is a considerable amount of paperwork. Documents to review, signature lines, stacks of paper with your lender, escrow, and your real estate agent.
Home buyers can get overwhelmed by the sheer quantity of documents to review. During home buyer consultations, we like to prepare our clients for the amount of important reading — because it is important. It isn’t filler documents or things to skim over and set aside.
The documents that you review during your escrow are crucial documents that provide information about the home. In advocating for you as a client, the review of seller disclosures is a time where you find out things about the property: a discovery stage.
One of the biggest fears for home buyers is often: can I get out of this contract if I find something terrible about the property in a disclosure or inspection?
In the California purchase contract that we use to write and submit offers, the buyer has contingencies or cancellation rights. If you are within a cancellation right, then in most situations, you could cancel the contract.
Here are 5 things that you might read as a Home Buyer:
1. Seller Disclosures
2. Home Inspection Report
3. Termite Inspection Report (Termite also known as Wood Destroying Pests and Organisms)
4. Preliminary Title Report
5. CC&Rs and/or HOA Documents
Buying a house can be a nerve wracking experience. If you go into escrow knowing that you will have some hefty reading for the next 30 days, then it won’t come as a surprise.
And Sellers — the old adage is “When in doubt, disclose!”
If you, a friend, or family member, is encouraged by the increased number of homes for sale, then reach out to me so we can connect and discuss the process of home buying.
Call us at (626)609-2130
Email us at info@KALEORealEstate.com
Visit us on social media at @KALEORealEstate
and in person at
158 N Glendora Ave, Suite M
Glendora CA 91741