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California Real Estate Buyers Rights
from: Stephen KreutzerReal 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. Knowing the
basic rights you have when buying real estate in California can
help you to get the best deal and treatment design you real
estate transaction.
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.
6. Even if a transaction is made "As-is" you still have thee
right to negotiate for repairs or credit for repairs that must
be done.
7. You can have independent tests and investigations done on the
home.
8. You have the right to have ever document explained to you by
an appropriate professional.
9. Even when in escrow you can end the deal. You may have to pay
money to do so. It is advisable to have an attorney if you chose
to walk away from a deal.
These rights are essential to you getting the fairest deal
possible. If you have any questions consult a real estate
attorney or professional agency.
About the author:
Stephen Kreutzer is a freelance publisher based in Cupertino,
California. He publishes articles and reports in various ezines
and provides information on California real estate at
Real Estate!
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