Disclosures; Undisclosed Part III

Posted by Jessica Botkin on Monday, June 2nd, 2014 at 9:24am.    1054 Views

Hey Honey, Hang That Giant Mirror Here!

Conceal or reveal? Always, always, always reveal when it comes to disclosures. Don’t pile up your problem areas with Aunt Betty’s antiques in the basement or hang something large to cover a settling crack. It will end up on your short list of forever regrets, guaranteed.  Particularly when we are discussing material defects, defined as: Any fact that may have a significant impact on the market value of the property.  It should be noted that there are a few exceptions to the rule of Ohio’s Residential Property Disclosure Forms, properties within an estate and foreclosures are prime examples of those that do not require that the disclosure forms be completed. 

Call It Done

“What can you tell me about the neighborhood crime statistics”? My wet behind the ears buyer asked me with wide-eyed, eyebrow lifted apprehension. Even in a WWJD moment my answer is always the same, “zilch.” I would highly suggest, if you are even (and even when you aren’t to be honest) it’s never a BAD idea to do your own research on neighborhood conditions. Crime statistics, sexual offenders and the old school legwork of scoping out the neighborhood at different times of the day are some of the best ways to get a “real feel” on life in your potential neck of the woods.

It’s a wrap on the 3rd and final installment of Disclosures; Undisclosed, be sure to save and refer back to all three parts as you embark on your own real estate journey!

 

Jessica Botkin

Greater Dayton Ohio Realtor

Jessica.Botkin5@gmail.com or 937.469.3404

5 Responses to "Disclosures; Undisclosed Part III"

Sue Blanford wrote: Great article! Informative and concise and well-written.

Posted on Monday, June 2nd, 2014 at 1:06pm.

Tiana wrote: jessica, i been following these posts and wanted to say thanks. i almost bought a home a while back but didn't follow through and now not ready to try again for a while but the property disclosure stuff was something my agent never explained. She wouldn't even answer my questions squarely when i asked her! If i get ready to buy again this fall i'll be asking you if you work in huber heights?

Posted on Monday, June 2nd, 2014 at 2:27pm.

Greg Hancock wrote: Keep on putting out the good stuff girl! Seriously though, Jessica, thanks for clarifying this part of the process for first time home buyers and too, it's good for people to read if they are considering selling a home, and also great for newly licensed Realtors to digest so they can help their clients more effectively.

Posted on Monday, June 2nd, 2014 at 2:36pm.

Jessica Botkin wrote: Thanks Sue! I really felt as if buyers and sellers alike could really benefit from having a series they had the ability to refer back to when they deem necessary!

Posted on Monday, June 2nd, 2014 at 4:26pm.

Jessica Botkin wrote: Tiana, I absolutely work, and sell lots of homes in the Huber area! I'll be awaiting your call this Fall and keep your eye out for more informative blogs!

Thanks Greg :)

Posted on Monday, June 2nd, 2014 at 4:26pm.

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