Real Estate Laws
Posted in Dubai, Europe, Hong Kong, India, Mortgage, New York, Predicitons, Tips, USA by: Marie
Image source: www.amazon.com
Real estate laws vary greatly form state to state. If you are buying real estate you should understand what rights you have in the state you are in. In California you have many rights and are legally covered in many cases to have these rights.
The following list explains the basic rights every buyer has when buying real estate in California.
1. You can and should interview and compare many agents and lenders during the beginning of your process. This will help you to find the best people suited to help you. Avoid jumping right into a deal without first looking around.
2. California has a Residential Purchase Agreement called a RPA-CA. You have the right to use this document to make or accept offers.
3. California has a law that states an agent must tell you about any relationship they have with seller. There is an Agency Disclosure Form you can use for this purpose.
4. You can and should have an attorney look over all paperwork. California is an escrow state, which means there is a third party involved to help for enforce the contract. So understanding it is important.
5. The RPA-CA contract allows you to have the right to reject any offer you’ve made if you are not satisfied with the physical condition of the home or neighborhood.