The Real Estate Market can be tricky for both Buyers and Sellers.
SELLERS: Before you sell be sure to be prepared to properly disclose to the Buyer. Know your responsiblities as a Seller and what your City or County requirements are before you transfer. A clean proper sale now may keep you out of hot dirty water later. Yes! if your married -Ohio does have dower rights. Make sure your spouse signs off on the transfer deed.
BUYERS: Before you buy an EBAY HOME or For Sale By Owner: Do your research! Know your city requirments such as Point of Sales, Disclosures. Does that house have current city violations that your going to get stuck paying for? Don't want to pay for an inspection or appraisal on cash deals, Order a BPO from a qualified Real Estate Agent in the area. Don't want to pay for full Title and Escrow services but you would like to know if the property has any liens, back taxes and water and sewer charges or collections. Order a limited lien and special tax search from your Title Company or call us.
Request complete disclosure from the Seller. Educate yourself before you buy!BUYERS AND SELLERS: Be familiar with your rights as a consumer! Don't be pressured into using other service providers from your Agents, Lenders or others just because they have an affliated business arrangement. Make sure you are being offered a choice and are given the time to compare services and cost. There is no such thing as one stop shops. Just one stop shop business arrangements in which your service provider may be additionally compensated for stearing the business. You can not be turned down or declined if you choose to use or find your own additional services for your transaction. Claims that the services are better are not always true either.
Once again, be informed and educate yourself and know your choices before you decide.** Already purchased or refinanced? If you think you might of been taken for a ride or suspicious activity occured, call your local Housing Avocates and/or your local Consumers affairs office for help.
Posted March 05, 2009 at 02:30 AM
Comments for In The Know!
There are no comments yet.