5 Disclosure Tips You Should Know About

Disclosure lets others know about the details your home or neighborhood may have, since no one knows the place better than the its owners. As a seller, you should give the potential buyers a clear idea of what they may be acquiring. At Patriot Title Agency in Ohio, we care about our clients and their future investments, so we have gathered a few disclosure tips for you. Remember that there are disclosure laws that you should abide by, so keep them in mind as well.

Death in the House

There are some states that require the disclosure of a homicide or a suicide in the house, but not a death by natural causes. However at the risk of the buyer backing out last minute, full disclosure of a death at the home is strongly recommended. Failing to discuss this topic may make the buyer wonder if the seller is hiding something else.

Neighborhood

A buyer has to be informed about any possible irritants in the neighborhood. A nuisance could be a strong odor from a source close by, especially noisy neighbors or constructions happening around the area, anything that might possibly be annoying to the new proprietors.

Renovations and Reparations

A seller needs to tell about renovations done to the house and if they were done with permits or not, to avoid possible lawsuits later on. They also need to mention any repairs made, plumbing, electrical, walls or roof, anything that has been previously fixed to make the buyer aware of any possible future issues.

New Paint Job

Although some sellers give the walls a fresh coat of paint to make the house more presentable and appealing to future buyers, some of them do it to hide defects. So, if you just painted your house you need to say the reasons behind it.

Water Damage

Sellers should disclose leaks, existing or past ones. Buyers should be warned of possible floods, damage to personal possessions, or the possibility of mold growth because of these water damages.

For a Reliable Title Insurance Agency in Ohio

If you need someone to explain to you the insurance title process you’ll go through after finally deciding on a new house, don’t hesitate to call Patriot Title Agency in Ohio ;at: (330) 479-3000. They can provide their expertise, guidance, and title services, such as ;title insurance in Ohio.