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Buying or Selling a Home/disclosure
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Question
is it illegal to sell a house in ohio without disclosing that it has a broken sewer lins under it and an open sewer line
Hi Edward;
Any time a Seller has knowledge about a home that is significant information and/or a material fact that might affect a Buyer's decision to make an offer on a home or even how much to offer on a home; it is essential that this information be disclosed to the potential buyers and their agents. It is also important that the Sellers disclose anything of this nature to their listing agent if they are represented. They run the risk of legal actions if they hide important information.
I don't know the specifics of the particular situation, but it also seems to me that there were some extenuating circumstances where (perhaps) the utility company was involved. Perhaps the sellers were seeking assistance and were made promises that this would be fixed before the sale. All of this is still no excuse for a non-disclosure. Buyers should be informed of existing problems and then informed of what remediation plans have been made.
Jessica Bryan
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Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.
Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.
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