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- Home sellers in Ohio are required by law to disclose detailed information about the status and condition of their property. Sellers need to fill out the Residential Property Disclosure Form or another form that complies with state law to inform buyers about what they're potentially purchasing.
listwithclever.com/real-estate-blog/disclosure-requirements-for-selling-ohio-real-estate/
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When selling a house 'as is' in Ohio?
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Aug 16, 2021 · A licensed Ohio real estate agent will be an integral part of your home-selling team, and most people selling their home in Ohio work with one. A good agent will help prepare and price your house, market it to prospective buyers, review purchase offers, and negotiate with buyers through the closing.
- Ilona Bray
Sep 17, 2021 · Ohio real estate disclosure laws apply to most residential real estate transactions. Learn more about seller and buyer rights and responsibilities. If you’ve recently purchased a property with defects, then you may be able to collect damages from the seller via a real estate lawsuit.
- Find An Agent Willing to List The Home As-Is
- Consider A Pre-Listing Inspection
- Price to Reflect As-Is Condition
- Do Ever-So-Light Preparations
- Photograph to Show Potential
- Highlight The Surrounding Area
- Include As-Is in The Listing
- Understand Buyers May Still Negotiate
- Be Aware of Minimum Property Standards For Certain Loans
- Prioritize A Cash Offer If You Receive One
Your choice of real estate agent always matters, but especially when selling a property as-is. It’s important to find the right match. You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections. Your agent should also be willing to go the extra mile on marketing. Cons...
A pre-listing home inspection is the same as a standard home inspection, except that the seller pays for it before listing their home on the market. It may sound like a counterintuitive step for an as-is sale, but getting the inspection results upfront can illuminate any issues that could impact the value of the home and inform an accurate pricing ...
The average sale price for homes in Ohio hit $305,041in May 2024, a 9.1% increase over the year prior. Some of the top factors that impact the value of an as-is listing in Ohio include the area the house is located in, its size, estimated cost of repairs, the size of the lot, and the overall layout of the home. If the house has an open floor plan, ...
Even for as-is home listings in Ohio, Lynn typically recommends sellers complete the following: 1. Always declutterthe home 2. Make light repairsif possible 3. Paint and decorate in neutral colors 4. Even if the property is dated, the property should be deep-cleaned 5. Depersonalizethe house: Remove personal items and family photos so anyone can se...
Your home listing warrants professional photographyno matter what type of condition the property is in. A professional photographer will take steps to shoot each room from the best angle, ensure optimal interior and natural lighting, and edit for the ideal brightness and exposure. A high-quality camera with a wide angle lens is also essential to sh...
A home’s location will be important to buyers seeking out a home with potential. Mention in your as-is listing if your home is close to any of the following: 1. Restaurants and shopping, including grocery stores and pharmacies 2. Parks, libraries, and community centers 3. Hospitals and doctor’s offices 4. Museums and other attractions 5. Rivers and...
Unless you explicitly mention that your house is being sold as-is, buyers will have no idea of your intentions with the listing. Another common descriptor mentioned in as-is listings in Ohio is the phrase “priced to sell.” To balance the focus on as-is condition, work with your agent to craft a property description that highlights the best features...
Listing as-is provides no guarantee that buyers won’t try to negotiate savings on their purchase, even on an asking price you felt was already reduced to reflect the home’s condition. One of the best defenses you can have is an agent who takes a hard stance to prevent a deal from going south for the seller. Lynn is a pro at handling negotiationswhe...
When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer prequalified for a home loan. If you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards....
On occasion, conventional lenders may even finance a fixer-upper property sold as-is, and it’s not impossible to finance a fixer-upper with an FHA loan. However, if you’re selling a house as-is — especially one that needs heftier repairs — you may want to consider accepting a cash offerif you receive one. Cash eliminates the lender-ordered appraisa...
- Allison Bethell
Jun 19, 2024 · This article gives you the details about what happens when you sell your house ‘as is’ in Ohio. You’ll find information on the required real estate disclosures, pros and cons of ‘as is’ selling, and important details about home investors who’ll likely want to buy your house.
Aug 1, 2023 · This guide will walk you through the ins and outs of selling a house in Ohio, making sure you don’t get hit with any major surprises along the way. From working with a listing agent to legally required disclosures, we’ve got you covered.
Sep 3, 2024 · State real estate disclosures. Ohio requires sellers to disclose basic information, like how long you've owned the property, plus detailed specifics about the property. We've summarized the key questions you'll have to answer on your seller's disclosure statement below, grouped by topic.
Aug 2, 2024 · Selling your house in Ohio? Our in-depth guide breaks down the process into 8 easy-to-understand steps, from listing through closing.
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