Like in any other US city, purchasing real estate in Dayton, Ohio can be a little confusing. Though it can be remedied by buying real estate through an exclusive buyer’s agent, it is advisable to know some of the local property laws before making your decision final.
Ohio Laws: What Every Home Buyer Needs to Know
All Dayton, Ohio homeowners who intend to put their real estate property on the market are required to fill out and submit a disclosure form. A disclosure form is essentially a statement that alerts potential buyers of any known problem with the residential property.
It is important to note, though, not all residential property sellers are required to complete the disclosure form. For example, if the house is being sold due to foreclosure, bankruptcy, or eminent domain, a seller might choose to leave out these facts. Furthermore, residential properties that are being transferred from one owner to another via co-ownership or inheritance has no need to fill out the form. Read more from this article: http://bit.ly/2slyVO5