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Exciting Update for Homeowners and Real Estate Investors: AB 968 is Here! LEARN MORE→
Update for Homeowners and Real Estate Investors: AB 968 is Here!
Attention homeowners and savvy real estate investors! California has rolled out a game-changing law, Assembly Bill AB 968, which introduces Civil Code Section 1102.6h. This new regulation, effective July 1, 2024, is all about transparency in the home-selling process, and it’s designed to empower you as buyers and sellers!
Get excited about the opportunities this new legislation brings, and let’s make your next real estate venture a resounding success together!
What’s the Buzz?
If you’re selling a single-family home and have made any room additions, structural modifications, or repairs within the last 18 months, you’ll now need to share this vital information with potential buyers. This is your opportunity to shine a spotlight on the enhancements that make your property stand out!
Here’s What You Need to Know
1. Detailed Disclosure: When you accept an offer, you must disclose any contractor-performed work on the property. This includes sharing the names and contact information of those contractors, so buyers know exactly who worked on their future home.
2. Permit Proof: If you’ve obtained permits for renovations, you’ll provide copies to the buyer, ensuring they feel confident in the legality and safety of the modifications. If you don’t have the permits, no worries! Just direct buyers to the contractors for that information.
3. Streamlined Communication: You can also provide a handy list of all modifications and repairs done by the contractors, making it easier for buyers to appreciate the value that has been added to the property.
Why This Matters to You!
For homeowners, this law enhances the credibility of your sale and showcases the value of your property, potentially leading to a higher selling price. For real estate investors, this means more clarity and confidence in your transactions, allowing you to make informed decisions about your investments.
At Fissile Home Solutions, we specialize in remodels and renovations that can elevate any property to its full potential. As a licensed, bonded, and insured general contractor, we are fully compliant with AB 968, ready to help you navigate these new requirements seamlessly. Whether you’re flipping houses or enhancing your forever home, our expert team is here to partner with you for success!
Get excited about the opportunities this new legislation brings, and let’s make your next real estate venture a resounding success together!
