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Buying a Home in Ohio
Buying a home is one of the biggest investments you're likely to make in your lifetime. Therefore, you should take some time to get to know the process and decide what you're looking for. During the process of shopping for a new home, you'll want to enlist the aid of professionals who can help you navigate the legal and financial hurdles, as well as keep your best interests in mind and help you make a sound decision.
Rely on a Knowledgeable Agent
Some people are comfortable with all the steps of buying a new home, especially those who have purchased a home in Ohio before. However most folks are more comfortable working with a licensed professional who knows all the little details of the process and can go to bat for you if needed. A certified real estate agent can help you stay within your budget, choose the most appropriate neighborhood for you and your family, and track the necessary paperwork. Our award-winning agents take great pride in their attention to detail and the service they provide to prospective homebuyers.
What Sellers Must Disclose
It's important that you get all the details and information about the property you're buying, which is why sellers in Ohio are required to disclose anything that may be wrong with the property. Your agent can help you attain a Disclosure Form that outlines anything you need to know about the property ahead of time. It's illegal for a seller to hide major issues, such as plumbing problems or a shoddy foundation.
Get an Inspection
In the same vein as disclosure, you'll want a professional to inspect the property for any damages or concerns, just to protect yourself. This is a good step because an inspector may find issues of which the seller wasn't even aware.
Get in in Writing
When it comes time to make a deal, you should spell out all the details of the transaction including cost, terms, deadlines, and any points of interest or concern that may affect the transfer of the property. An agent can help you draft up an agreement that will benefit both you and the seller in fair and even terms.
Foreclosures, Short Sales, and Special Considerations
In Ohio, a foreclosing home can be purchased at the courthouse and is sold "as is" with no warranties or protections once you acquire the property. This is why getting your own inspection is important. Short sales allow you to buy from a seller who is struggling with payments for less than what is actually owed. This can't be done between family or business partners, as it is a special consideration to help those bound for foreclosure, and also serves to help buyers find great deals on excellent homes.
If you're interested in buying a home in Ohio, get in touch with our successful staff to set up a no-obligation appointment.