This post is California specific. Almost all offers in California will require that you provide a natural hazard disclosure report. This post will explain what a Natural Hazard Disclosure Report is, what it covers and how it impacts your home sale.
This report, which is mandated by California state law, tells the buyer if your home lies within a zone containing any one of six types of hazards.
- A Special Flood Hazard Area
- Dam Inundation
- Very High Fire
- Wildland fire
- Earthquake fault zone
- Seismic hazard
It's a straightforward one-page form, containing several yes or no questions about your property. On the disclosure form, you must indicate whether or not each threat applies to your property. The form costs approximately $125, a fee that's usually paid by the seller at the close of escrow.
Supplemental Hazards are also commonly reported in the same report.
- Radon Gas exposure
- Airport influence area
- Megan’s Law disclosures
- Military ordinance
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