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This form is a statement of the conditions and other information about the property known by the seller. SPACE FOR ADDITIONAL INFORMATION Seller states that the information contained in this Disclosure of Property Condition Form is complete and accurate to the best of his/her/their knowledge and belief. Seller agrees to immediately notify Buyer of any changes that may become known to Seller prior to closing by providing a written addendum hereto. This form is not required for 1. Residential pur ...

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Are residential property disclosures required in Ohio?

On July 1, 1993, the Ohio Residential Property Disclosure Law (ORC Section 5302.30) went into effect. The current form went into effect in 2013. Buyers are protected because sellers must disclose, in writing, any known defects of the property.

Does Ohio require disclosure of death in house?

Do you have to report a death in your home while selling real estate in Ohio? Ohio has no requirement for disclosure of death for property. The state does not consider death , suicide or homicide as material issues and there does not require disclosure.

Under what conditions is the residential property and Owners Association disclosure statement form not required in North Carolina?

A disclosure statement is not required for some transactions, including the first sale of a dwelling which has never been inhabited and transactions of residential property made pursuant to a lease with option to purchase where the lessee occupies or intends to occupy the dwelling.

Do you need a lawyer to sell a house in KY?

Do You Need a Real Estate Attorney? Yes, you do! Kentucky is actually one of several states that require sellers to hire a real estate attorney. They will advise you with the paperwork and legal aspects of the transaction, which is reassuring and helpful to avoid a scam.

What is the purpose of the disclosure document in real estate?

The PDS can give potential home buyers an insight into the condition of the property and anything that may negatively affect the home's value. The PDS allows the seller(s) to disclose details about their home to prospective purchasers.

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What does disclose mean in real estate?

A Seller's Disclosure is a legal document that requires sellers to provide previously undisclosed details about the property's condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and it's important for both those buying a house and for those selling a house.

Is Kentucky a non disclosure state?

But, there are 12 states that are still considered \u201cnon-disclosure:\u201d Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.

Is a residential property disclosure form required in Ohio?

Purpose of the Ohio Residential Property Disclosure Form Sellers are required to give this form to home buyers; that is, to people with whom they might enter into a purchase contract. If the buyers sign a purchase contract before receiving the disclosures, they can rescind the contract.

What is a disclosure statement and why is it important?

Disclosure statements provide you with the facts you need to make an informed decision. By reading through them and making sure to understand them, you'll better protect yourself from making a bad decision.

Why do they have to tell you if someone died in a house?

Sellers are required to disclose certain defects to potential buyers, but a death occurring in a home is not a defect. When a death occurs in a home, the property may be considered a \u201cstigmatized property.\u201d A stigmatized property is one that has an unfavourable quality that may make it less attractive to some buyers.

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Are residential property disclosures required in Ohio?

Does Ohio require disclosure of death in house?

Under what conditions is the residential property and Owners Association disclosure statement form not required in North Carolina?

Do you need a lawyer to sell a house in KY?

What is the purpose of the disclosure document in real estate?

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What does disclose mean in real estate?

Is Kentucky a non disclosure state?

Is a residential property disclosure form required in Ohio?

What is a disclosure statement and why is it important?

Why do they have to tell you if someone died in a house?

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