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At CunninghamLegal, as long as the transaction is over $1 million, we charge just 1.5% for facilitating private real estate deals when the seller already has a buyer. Given the difference between a commission of 1.5% and the standard 5% on $2 million, we can save Grace about $70,000 on the deal!
Feb 12, 2024 · Selling your house without a real estate agent in California can save you from paying an average of $21,148 in realtor commission. It can also give you more control over your home sale than you might have selling with an agent. However, selling without a real estate agent, also known as listing for sale by owner (FSBO), has risks.
Sep 27, 2023 · The median sale price on single-family homes sold in the Golden State in August 2023 was $859,800, according to data from the California Association of Realtors. Prices varied widely across the ...
If you are selling in Southern California, the seller normally pays. In California, the county transfer tax (as of late 2023) is $1.10 for every $1,000 of the sales price, or 0.11%. Some cities, including San Francisco, Los Angeles, and Riverside also collect their own city transfer taxes, which vary by city and in some cases by property value.
- California law requires sellers to disclose to potential buyers, in writing, any details about the property that may affect the potential buyer’s d...
- When you sell your California home, a title company will conduct a title search and write a Preliminary Title Report, often called a “PTR.” The tit...
- Buyers and sellers of California homes customarily use escrow agents to facilitate the sale. The buyer will deposit funds in escrow, and the seller...
- When real estate is transferred from a seller to a buyer, a document must be recorded at the county recorder’s office to show that the property has...
- Mccoy Worthington
- Address needed repairs and maintenance. FSBO sellers in California may consider getting a home inspection prior to listing their home for sale. Addressing any issues upfront helps buyers have peace of mind when making an offer.
- Fill out your disclosure forms. Sellers in California are required to complete a number of disclosure forms. It’s not a bad idea to start working on them early on in the sale process or even prior to listing so that you know they are taken care of.
- Declutter, clean, stage, and add curb appeal. Research shows that deep cleaning and decluttering your home prior to listing will pay off in huge rewards.
- Hire a professional photographer. One of the biggest mistakes homeowners make when they’re selling on their own in California is taking inadequate photos.
An "as is" clause in a purchase and sale agreement does not necessarily insulate the seller from the. common law duty to disclose defects or the requirements of Civ. Code §§1102 et seq. "As is" language. serves to give notice of patent defects and means that the buyer accepts the property in the condition in.
California's seller disclosure requirements are strict and thorough. California law provides a standard format, as referred to in Civil Code § 1102, which must be used by sellers in making these disclosures. The resulting form, called the "Transfer Disclosure Statement" (TDS), can be obtained from your California real estate agent.
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