California Home Purchase Agreement

California Home Purchase Agreement

There is a frequent misjudgment about this, as many people do not realize that every home sold in California is sold under the standard terms of the contract “as it is”. The way the contract is written gives the buyer plenty of opportunities to terminate the contract without penalty. In practice, sometimes to maintain the agreement, sellers therefore agree to modify the contract and make repairs or grant a price interruption to buyers if, during the buyer`s due diligence, a larger defect is discovered with the house. But remember that this seller is not obliged to accept these changes in the contract, at that time the buyer`s corrective help would be to go. There is also a duty of good faith and fair trade in any treaty in California. Buyers should understand that they are buying the house “as it is” and that they are incorporating it into their offer price, rather than offering more with the idea that they are renegotiating the contract during trust contracts. When you buy a used home, your home inspector identifies the maintenance items that need to be addressed. These are considered “Pride of Ownership” items, as a new flap on your ventilation tumble dryer, a new flex line under your sink, because it must be flex, not rigid, etc. These are the craftsmen`s items and weekend home depot trips that go hand in hand with a homeowner. It is not appropriate to go to the seller after the hotel visit with a linen list of these small items and ask the seller to pay for them or to give you a discount on the purchase price.

Buyers should only demand a change in the contract if they find something that harms the health and safety of the home, or a larger repair that was not expected at the time of contract negotiation, that is, something that would actually encourage the buyer to move away from the agreement. If you are not satisfied with the results of the trials. In this case, you can renegotiate for a lower selling price or ask the seller for repairs. Lead-based paint. If you buy a house built before 1979, you have certain rights to lead paint and the risk of lead poisoning. The seller or salesperson must provide you with the EPO`s pamphlet “Protect Your Family From Lead in Your Home” or any other lead risk information authorized by the EPO. The seller must tell you what the seller really knows about the lead or lead color risks of the homes, and provide you with all relevant records or reports. They have a minimum of 10 days to conduct an inspection or risk assessment of lead paint or lead paint.

However, in order to have the right to cancel the sale on the basis of the results of an inspection or risk assessment, you must negotiate this condition with the seller.