The Real Estate Transfer Disclosure Statement (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.
A seller should fill out the document while in a “calm and reflective” state rather than while rushed during the signing of many other documents. These are very important documents and should be dealt with seriously.
by Teryn Bonime www.teryndowntheroad.com
If you’ve ever purchased a home, you know how it can be an anxious time – on many levels.
Will they take my offer?
Will I miss out on a better property?
What will be wrong with the house?
Will the seller fix those problems or will I have to pay for it?
As a seller, you can do a lot to alleviate anxieties of both yourself and for your potential buyers by doing a pre-home inspection. Once you learn what issues the home has, you can either fix them or get bids on what the cost will be.
Don’t forget these tax savings when doing your taxes!
Mortgage cancellation relief is extended for another year. Households that have mortgage debt forgiven by a lender in 2013 as a result of a modification, short sale, or foreclosure will not have to pay tax on the amount forgiven.
Mortgage insurance premiums remain deductible. Tax filers making less than $110,000 who pay for mortgage insurance can deduct the cost of their premiums on their 2012 and 2013 tax returns.
This very spacious Ojai sports enthusiast dream is located on 2+ park-like acres in Rancho Matilija at 11993 Macdonald Drive. Lounge by the pool, soak in the spa and spend evenings playing games of tennis or bocce ball on the lighted courts. Enjoy the roaring fire after a wonderful twilight dinner on the lighted patio.
