The Real Estate Transfer Disclosure Statement (TDS form) is a form that helps sellers comply with Section 1102 of the California civil code. In filling out this form, sellers are providing disclosures about the home that may/may not affect the buyer's decision to purchase the property. The Transfer Disclosure Statement asks such questions as: Is the seller occupying the property?; What does the property already have (oven, rain gutters, garage, water heater, etc., etc.)?; Is the seller aware of any defects in specific parts of the property (interior walls, ceilings, sidewalks, etc.)?; Is there an HOA?; and more. This form also allows for the seller's agent and buyer's agent to disclose items to the buyer. One can certainly learn a lot about a property when a seller takes the time to fill in this form correctly. Some sellers may be exempt from providing this disclosure document to buyers, so be sure to work closely with your exclusive buyer agent to determine if that is the case for the property you are interested in purchasing.
Justin Gramm is the founder and principal broker of Globella Buyers Realty, your San Diego Exclusive Buyer Brokerage. He also writes this blog, "For San Diego Home Buyers."
Exclusive Buyer Agents do not list homes for sale and never represent sellers. They have no "inventory" to try to sell you. They can represent you in purchasing any home. They are specialists at representing buyers only on the buyers' side of the transaction. Exclusive Buyer Agents work to get buyers the best price and terms when they buy a home.
If you have excellent credit and plan to buy a home or condo in San Diego County within 90 days, contact Justin Gramm to hire an agent on your side of the transaction. Call Justin at (858) 437-2662 or E-mail.