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| | What California real estate law information do I need to sell my condo or townhome in California? |
I can help you avoid legal mistakes
Taxes It is important to remember the capital gains tax and personal income tax implications when you sell condos or townhomes in California. Timing and how much you should sell for are key factors involved. For more information on taxes associated with selling California townhomes or condos see the IRS real estate forms at http://www.irs.ustreas.gov/ and look for the Sale of Your Home form.
Flipping Property There are special rules in order to legally buy a property and then sell it to a new buyer for a profit. One of them is not committing mortgage fraud. Investors may be liable if they sold the property at a higher price than it was worth to the new buyer and their lender.
Unlawful Discrimination There are several factors to consider when following anti discrimination laws. During a California condominium or townhouse sale there cannot be discrimination against the following:
Medical conditions, physical impairments, personal characteristics like looks, sexual orientation, race, color, religion, sex, sexual orientation, marital status, national origin, ancestry, familial status, or source of income. For a complete list of discrimination protections and case studies see the California Department of Consumer Affairs: California Tenants, A Guide to Residential Tenants' and Landlords' Rights and Responsibilities.
Reputable Title Insurance In case something happens years after you sell the California condo or townhome you want to make sure you have a reputable title insurance company to protect your interests.
Full Disclosures Any known defects by sellers of California condominiums or townhouses must be fully disclosed. Certain disclosures are required by the California Department of Real Estate.
Cancelling Escrow There are many legal implications when canceling escrow. Homes may fall out of escrow several times which makes it even more tricky. Once I had to go through 8 offers and several of them cancelled I finally sold that California home. I still sold it in less than three months though! What could also happen is that if you sign a deal with a buyer who does not perform that buyer may try and come back later when you find a new buyer and screw up your new deal.
Hire the Right Person As your California home listing agent I help you avoid liability situations. It's imperative that you hire a top producer in selling California real estate homes such as myself not only because I know how to market your property like a Internet California home sales specialist, but also because I can help you be in a more safe position when it comes to following the guidelines to sell my CA condo according to the Department of Real Estate in California.
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 | © John-Robin Middlebrook. Last updated April 2008.
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