Disclosures: 15 things to pay attention to
When reviewing residential disclosures in San Francisco and Marin counties, here are some of the top things to pay attention to:
1. Property boundaries and encroachments: Check for any encroachments onto the property, such as neighboring buildings, fences, or trees, that may affect the property's value or use. Verify the property lines and ensure that they match the legal description in the disclosure documents.
2. Zoning and land use: Review the zoning and land use regulations for the property to ensure it complies with local ordinances. Check if the property is located in a historic district or has any environmental restrictions.
3. Soil and geology: Check for any soil or geological issues that may affect the property's stability or foundation. Look for any signs of subsidence, landslides, or earthquake damage.
4. Water damage and drainage: Check for any signs of water damage, leaks, or dampness in the basement or crawl space. Review the property's drainage system and ensure that it's properly functioning.
5. Structural issues: Check for any structural issues, such as cracks in the foundation, walls, or ceilings. Review any past repairs or modifications to the property's structure.
6. Environmental hazards: Check for any environmental hazards, such as as asbestos, radon, or lead-based paint. Review any testing or remediation reports for these hazards.
7. Homeowners association (HOA) fees and restrictions: Review the HOA's bylaws, CC&Rs, and budget to ensure that you understand the fees and restrictions associated with the property.
8. Neighborhood nuisances: Check for any neighborhood nuisances, such as noise from nearby highways, airports, or industrial facilities. Review any noise studies or sound reports to determine the impact on the property.
9. Natural disaster risks: Check for any natural disaster risks, such as flood zones, wildfires, or earthquakes. Review the property's insurance coverage and any mitigation measures taken to reduce the risk.
10. Utilities and essential services: Check for the availability and condition of utilities, such as water, sewer, electricity, and gas. Review any outstanding utility bills or liens.
11. Property taxes: Review the property tax bill and assessment to ensure that the taxes are up-to-date and there are no outstanding liens.
12. Insurance claims: Check for any past insurance claims or payouts related to the property. Review the property's insurance coverage and any exclusions or limitations.
13. Unpermitted work: Check for any unpermitted work or modifications to the property. Review any permits, approvals, or inspections related to the work.
14. Litigation history: Check for any past or ongoing litigation related to the property, such as disputes between neighbors or contractors. Review any court documents or settlement agreements.
15. Environmental concerns: Check for any environmental concerns, such as wetlands, endangered species, or hazardous waste. Review any environmental impact assessments or studies related to the property.
By carefully reviewing these items, you can better understand the property's condition, potential risks, and any associated costs or liabilities. It's essential to work with a qualified real estate agent and/or attorney to help you navigate the disclosure process and ensure that you have all the necessary information to make an informed decision about your purchase.
