What Liquidated Damages Means in a California Purchase Contract

When buyers and sellers sign a California Residential Purchase Agreement, they are agreeing to more than a price. They are agreeing to a framework for what happens if the deal falls apart, and one of the most important provisions in that framework is the liquidated damages clause. Most buyers initia

What Happens at Your Final Walkthrough

The final walkthrough is the last time you see the property before it becomes yours. It happens, typically, in the 24 to 48 hours before closing. Most final walkthroughs go smoothly. The ones that do not go smoothly have a way of going badly, because by that point in the transaction, there is enormo

What the Seller Property Questionnaire Asks That the TDS Doesn’t

The Transfer Disclosure Statement establishes what the seller knows about the property. The Seller Property Questionnaire is where they explain it. The two forms work in sequence: the TDS lays the foundation, and the SPQ builds the history on top of it. Sellers who treat the SPQ as a redundant paper