Disclosures - Hazards You Should Know About
Empowering First-Time Homebuyers of Cleveland
As your Cleveland First-Time Homebuyer expert, this article will offer you information on Ohio real estate disclosures and the Ohio real estate Purchase Contract. As your homebuying consumer advocate, this information is written in easy-to-understand terms and it is meant to protect all parties in the Ohio real estate transaction. Remember, there are several required disclosures and forms to be used prior to your home purchase.
The following disclosures are required in the state of Ohio:
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Residential Property Disclosure Form: This form is a statement of the condition of the property and of information concerning the property actually known by the owner as required by the Ohio Revised Code. View the Residential Property Disclosure Form now.
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Lead Based Paint Disclosure Form: This form is a statement and acknowledgement of the condition of the property and of information concerning the property actually known by the owner as required by the Ohio Revised Code for Lead Paint. View the Lead Based Paint Disclosure Form now.
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Agency Disclosure Statement: The Agency Disclosure Statement documents the agent's and brokerage's agency relationships with the parties involved in the real estate transaction. This will be provided to the homebuyer prior to signing an Offer to Purchase and will go to the seller with the offer. View the Agency Disclosure Statement now.
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Our Real Estate Contract: This sample document is used to transfer ownership of real estate from seller to buyer in the state of Ohio. View Ohio Real Estate Contract now.
Remember, first-time homebuyers will receive specific information on lead-based paint in the housing as well as a Federal pamphlet with practical tips on identifying and controlling lead-based paint hazards. Sellers and their agents are responsible for providing a Lead Paint Disclosure Statement to the buyer before a sale. In addition, you will also receive a pamphlet on Agency Relationships. If you have any questions about these disclosures or the Purchase Contract, contact me now.