Mandatory “Truth in Sales” Report When You Sell a House in Gardena

Sell a house in Gardena

How to Sell Your House in Gardena Successfully

Truth in Sales

When you sell a house in Gardena, there are some steps that must be taken to ensure that you provide “Truth in Sales”.  The City of Gardena requires sellers to obtain a “Property Information Report”.  These reports are valid for 6 months and are not required for condos or townhomes. Failure to offer this information to a buyer is actually a misdemeanor violation, so make sure when you sell a house in Gardena that you request this report early in the process.  This report provides the buyer with a list of any observable violations that the property might have.

The Property Information Report provides information about the status of property and structures that a buyer should be aware of, prior to closing escrow. The report includes a report of city records and restrictions applicable to the property and includes the results of an exterior inspection of the property.

Obtaining a Property Information Report

The City of Gardena’s Community Development Department requires that a Property Information Report or Waiver of Property Information Report be filed when you sell a house in Gardena. Specifically, according to Gardena’s Municipal Code, the seller or the seller’s real estate agent is required to obtain a Property Information Report and deliver that report to the buyer no later than 15 days prior to the close of escrow on the sale of the property. Furthermore, the buyer must sign the report and return it to Gardena’s Building and Safety Division at least 20 days prior to the close of escrow as evidence of compliance with the municipal code.

What’s included in a Property Information Report?

The Property Information Report provides important information about the subject property and its structures. It also provides information on potential restrictions that apply to the subject property. This information is based on a review of the city records, as well as an exterior inspection. And exterior inspection costs $337. The report will also identify all permits issued on the subject property and any other zoning restrictions.  

You (or the buyer) can also request an interior inspection be conducted at the time off of the exterior inspection. And interior inspection costs $440. The seller must give prior authorization for the city to conduct an interior inspection.

Property Information Reports contain the following:

  • the street address and legal description of the subject property
  • zone classification and authorized use
  • occupancy as indicated and established by permits and records
  • business licenses or permits issued by the city to the occupants of the property, if any
  • variances, conditional use permits, exceptions, and other pertinent letters and legislative acts on record
  • any special zoning or general plan restrictions on uses or development that may apply to the subject property
  • a list of all presently observable violations of housing and building codes
  • as applicable, zoning regulations, or other matters pertaining to the subject property that is a matter of city record

Waiver of Property Information Report

There is a provision for the buyer to waive their rights to the Property Information Report. This waiver must be delivered to Gardena’s Community Development Department office at least 20 days prior to the close of escrow on the sale of the property. 

Where to Obtain a Request for Property Information Report?

The Request for Property Information Report is provided here and hard copies are also available at the Community Development Department located at Gardena’s City Hall, Room 101, 1700 W. 162nd Street, Gardena.

Please allow 10 to 15 business days to process the initial request.  There are no rush orders available. For additional information contact the City of Gardena at (310) 217-9530.

The Property Information Report, while appearing like a lot of paperwork and hoop-jumping, will allow the buyer to make informed decisions.  In addition to a property inspection that a buyer will get, this report offers the city’s information all on one form.  So, when you sell a house in Gardena, request to have report inspection done early, so if there are any violations that come up, you can correct them prior to selling the property.

Waiver

Additionally, remember that you can request that the buyer sign a waiver so that a Property Inspection Report is not completed.  There are instances when the seller does not want an inspection or knows that there are violations on the property.  If that is the case, most likely a cash buyer or investor like me is the best buyer for that situation.

I often buy houses “AS-IS“, meaning there are no home inspections, repair requests or work to be completed by the seller.  Most buyers, though, want a house with no violations and to be in repaired condition.  This is true mainly because they don’t have the money or the time and knowledge to do the repairs themselves.

Bottom line, if you are selling a house in Gardena, you will need to either request a Property Information Report by submitting the $337 fee or ask that your buyer sign a waiver for the report. Most likely, however, the buyer will not only want a Property Information Report, they will also want any issues that arise from that report to be addressed. In fact, the City of Gardena will most likely want all of the issues addressed before the sale of the property.

This can become a long and costly experience and one that many homeowners do not want to tackle on top of the already stressful experience of selling their house in Gardena. That is why selling to a cash buyer like me who will waive the report, as well as not ask for any repairs, really is a great alternative. The trade-off can be much more favorable towards selling to an investor when the extra time, stress and costs are taken into account.

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