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No
- The short answer is no – California courts have established that consent by co-owners is not required to force the sale of a property because the right to partition is absolute. Miller & Starr, the leading California real estate law treatise, explains that “each cotenant has an ‘absolute’ right to partition the common property.”
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Are You preparing to buy or sell a home in California?
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What disclosures are required during a real estate transaction in California?
Unlike other states, you do not need an attorney to sell land (or any other real estate) in California. It is recommended that you use a licensed California title company.
- You are not required to have a real estate attorney or agent. While several states require those who purchase real estate property to work with a real estate attorney, in California this isn’t the case.
- California laws for selling a home require an escrow agent. In order to sell a home in CA, an escrow agent is needed. The property being sold, its title, and the funds involved are held in escrow until specific conditions are met.
- A transfer tax is imposed. The sale of a California property is taxable. The transaction triggers a county transfer tax and, in some instances, a city transfer tax.
- The seller must disclose information about the physical condition of the home. In California, the seller is obligated to disclose specific kinds of information about the home or property.
Aug 8, 2024 · Vacant land is exempt from the transfer disclosure statement (TDS) that the California Civil Code requires for sales of residential property. However, the seller is still required to disclose any and all known facts that materially affect the value or desirability of the property.
When one sells residential real property in California, both the buyer and the seller must execute nearly fifty pages of documents that, among other matters, disclose required information about the property in question, ranging from location in flood and earthquake zones to whether a person has recently died on the premises.
Oct 16, 2023 · Do I Need the Consent of All Co-Owners to Sell? One of the biggest myths in co-ownership is that the consent of all co-owners is required to sell the property. The truth is that a skilled partition lawyer in California can put a prompt end to co-ownership on behalf of a co-owner regardless of their fractional ownership.
Jan 20, 2024 · By understanding the market value, potential, and engaging with experienced land buyers like us, you can successfully navigate the process of selling land in California and avoid the complexities associated with traditional real estate transactions.
Oct 21, 2024 · Selling a home as-is in California doesn’t have to be difficult, even if you have multiple disclosure requirements to meet. If you’re in Southern California, reach out to our team for a fair cash offer on your home.
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related to: do i need a consent to sell my land in californiaEdit, Download, and Print Online Legal Forms. Choose Your Region and Start Today. Outline Details for a Seller-Financed Real Estate Purchase with Our Land Contract Form.
A+ Highest Rating - Better Business Bureau
Sell your land the quick and easy way. Nationwide land buying company. Claim your offer! Top-rated land buyer will buy your land fast and hassle-free. Get a cash offer today!