With the amount of lawsuits in the US these days, the amount of paperwork required in a Real Estate transaction has gotten insane!
I recently sold a new home to a buyer in New York, and we did all of the paperwork via E-Mail and fax. Todays technology is great, I would just scan the documents and then E-Mail them to my client. After receiving them, he would fax them back to me.
The process was simple, but my client was stunned by the amount of paperwork involved.
If you are planning on buying or selling Real Estate in South Lake Tahoe, here is a list of the forms that you will be using
-Agency Disclosure Form (2 pages)
-Disclosure and Consent to Represent More Than One Buyer or Seller (1 page)
-Purchase Agreement (10 pages)
-Counter offers?
-Government Agencies Disclosure (6 pages)
-Home Inspection Advisory
-Property Inspection Advisory
-Statewide Buyers and Sellers Advisory (10 pages)
-Transfer Disclosure Statement (3 pages)
-Agent Visual Inspection (3 pages twice, one for each agent)
-Supplemental Statutory and Contractual Disclosure
-Water Heater and Smoke Detector Statement of Compliance
-Lead Base Paint (If house was built prior to 1960)
-Residential Earthquake Hazards Report (If house was built prior to 1960)
-BMP Disclosure
-Natural Hazard Disclosure (16 pages)
-Homeowners Association form (if in HOA)
-Termite Inspection
-Home Inspection
-Other misc. special forms
My goal in talking about all of the required forms is not to scare anyone away from a Real Estate transaction, but to prepare them. Another thing to remember is that these are just the forms required by the Brokers. Once you make it through this pile of paperwork, there will be another stack waiting at the title company!
Here at Chase International South Tahoe Realty, we are lucky enough to have our contract expert office manager Larry Finkel. Larry ensures that all forms are filled out properly, and that there will be no unnecessary lawsuits.
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