Before a real estate transaction can be finalized, most states require sellers to give buyers a form describing any material defects with the property. Depending on the laws of your state, these disclosure reports can be very detailed or may contain scant information covering just a few parts of the house. Knowing what to look for when reviewing the seller’s disclosure can prevent unpleasant surprises and potential lawsuits later on.

How to Review Real Estate Seller’s Disclosures

Understand the Laws in Your State

State laws generally require sellers to list the condition of specific features or problems, without compelling them to discuss other issues. For instance, while some states might require sellers to tell potential buyers about past roof leaks or termite damage, zoning violations and other serious problems may not be on the list. Even if they know about a problem that isn’t on the form, they may not be required to disclose it unless specifically asked.

Ohio’s Disclosure Laws

Real estate disclosure laws in Ohio are comprehensive relative to other states, requiring sellers to tell potential buyers about past or current problems with the roof, water supply, pest infestations, and any other component of the house. Ohio also gives buyers the right to know about zoning violations, boundary disputes, mineral right ownership, and any other legal problems that may impact the value of the sale.

Why You May Need a Real Estate Attorney

Real estate lawyers understand the state disclosure requirements and will be able to review the seller’s forms for red flags and omissions. In many cases, what these forms don’t say can be just as important as the information listed. After reviewing the documentation, they can advise you on what other questions you should ask to make the most informed choice possible.

If you’re buying a home anywhere in the Greater Cincinnati Area, trust the legal team at Lane, Felix & Raisbeck CO, LPA to protect your interests and streamline the process. Their real estate agents have been guiding home buyers through the complexities of the system for over 30 years and have the expertise to help with even the most difficult situation. Visit their website for a closer look at their legal services or call (513) 922-7700 to speak with an attorney and schedule a consultation.