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Video instructions and help with filling out and completing Form 886-h-int
Hey everybody Joe Parker with the Santa Barbara group at Berkshire Hathaway real estate I'm doing a couple videos for you a two-part series on sellers disclosures California real estate is all about disclosures that's the big thing that can get you in trouble as a seller if you don't properly disclose everything you know about the home well beyond the time that it closes escrow you could have those issues come back and and haunt you in the form of a disgruntled buyer who felt like they were misled or misrepresented somehow in the fact that there's a defect in the home they thought they should have known about and then next thing you know you find yourself in a lawsuit so one of the biggest roles of a real estate agent is to help a seller navigate all the difference disclosures that are required by law for them to fill out and then also navigate the ones that are not required by law but will help them in protecting them with full disclosure about the property so two-part series I'm gonna go over the real estate transfer disclosure statement in this video and my next video will be on the sellers property questionnaire between these two forums you could pretty much communicate everything that you know to be going on with your property to your buyer and so starting with the real estate transfer disclosure statement in the industry we call it the TDS short for a transfer disclosure statement it's a three-page form this is what it looks like I pulled one from a file I'm currently working on I sold a house to some buyers of mine in Goleta and this is directly from that file so what happens with the TDS is the seller will sit down and the seller has to fill this out directly they could get some advice and coaching ask question to their agent but this needs to be completed by the seller the agents not allowed to fill this out and it will start off with questions about what the home comes with there's a checklist of all these items that homes come with and you'll go through and check everything that it comes with and then you'll answer the question are you aware of any of these that aren't operating on this one they checked no they're not aware of anything that's not operating but if you check yes they give you a place to explain and elaborate or you can fill out another form and tie it to this form if you need more room to write that's given in the space here on page two of this TDS are some questions that you're gonna go through as a seller and answer yes or no yes or no yes or no they are questions like major damage to the property or any of the structures from fire earthquake flood or landslides other questions in here as there.