Sunday, January 21, 2007

new Contra Costa Ordinances. Buyers/Sellers/Agent be careful.

I recently sold a house in Richmond, CA and thanks to my client I realized that Contra Costa had passed several Point of Sale ordinaces that almost caught by surprise.

What is also alarming is that a lot offices/agents who work and live in Richmond don't them these and are not providing the disclosures and inspections necessary.

here are the ordiances, as far as I can interpret them:
1. Seller has to perform a lateral sewer inspection before selling. Or buyer has to do this 60 days after close of escrow.
If the Sever Inspection shows problems the Seller has to fix the problems unless the buyer signs to assume responsibility.
The City says that they will send the new Buyer a notice if not done.

2. The Gas Valve installation is necessary. Again, unless the buyer assumes responsibility, the seller has to order and pay for this.

The cost for sewer inspection(video) runs from $175 to $250, and if problems arise the cost to fix them will be from 3,000 to 6,000.

The Gas Valve cost is $275.00

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