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One can't buy a house in California, at least, without being given a "statutory natural hazards disclosure"[1] and signing multiple documents certifying that yo
by beefman 6y ago
One can't buy a house in California, at least, without being given a "statutory natural hazards disclosure"[1] and signing multiple documents certifying that you've read it. It includes detailed maps about flood and fire risk. You can also order a report for a rental property for a nominal fee.[2]
[1] https://en.wikipedia.org/wiki/Standardized_Natural_Hazards_Disclosure_Statement https://en.wikipedia.org/wiki/Standardized_Natural_Hazards_D...
[2] https://orderform.disclosures.com https://orderform.disclosures.com
- deleted 6y ago[deleted]
- mywittyname 6y agoUnfortunately, people are brushed through those warnings by the real estate agent as, "you know how California is..."
- pc86 6y agoIf you'll sign paperwork without reading it while spending millions of dollars on a home, there's not much that can be done to save you.
- Schnitz 6y agoThese packets sometimes just disclose every risk in life that ever existed, which means they don't tell you anything...
- beefman 6y agoThe JCP-LGS reports actually have good signal/noise ratio, at least in the bay area. I've examined many dozens over the last decade, from Santa Cruz to Marin. In many cases, I've checked them against 3rd-party reports on dams and faults. Financial risk from earthquake is especially high (though widely variable) for property owners in the East bay.
- Balgair 6y agoThe stack of paperwork on a house is just that, a stack. You can certainly request the paperwork before signing it, but you'll be spending a week reading legalese. Even then, negotiating terms is going to take time too. In a hot market, the seller is more incentivized to just go with the next highest bidder and skip the legal negotiating that they themselves may never have read either. I'm not saying you are wrong, but it's never really done for a reason.