TDS (Transfer Disclosure Statement) is a real estate term you will encounter when buying or selling a home in Ventura County. This page gives you a plain-English definition and explains why it matters.
What it means
On the TDS, the seller reports the condition of major systems and components, known defects, and other facts that could affect the property's value or desirability. It is one of the core disclosure documents in a California home sale. The seller must complete it honestly based on actual knowledge; it is not a substitute for the buyer's own inspections.
Why it matters to buyers and sellers in Ventura County
For Ventura County buyers, the TDS is a key window into a home's history and condition before contingencies are removed. Sellers protect themselves by disclosing fully and accurately, since failure to disclose known problems can lead to liability after closing. Brian helps sellers complete disclosures properly and helps buyers read them critically.
Frequently Asked Questions
Is the TDS required for all sales?
Most residential resales of one-to-four units require a TDS, though certain transfers such as some probate or trust sales may be exempt.
Does the TDS replace a home inspection?
No. The TDS reflects only what the seller knows. Buyers should still conduct their own professional inspections.
What if a seller hides a known defect?
Knowingly failing to disclose a material defect on the TDS can expose the seller to legal liability after the sale closes.
