Real Estate Sale Agreements - Toledo Purchase Attorneys

Find the right Home Sale attorney in Toledo, OH

Home Sale Law in Ohio

Buying or selling a house can be an exciting but stressful time in a person's life. It also requires a person to make a large number of potentially life-changing financial and legal decisions.

In Toledo, Ohio, it's perfectly legal for individuals to buy and sell homes without the assistance of a third party. However, this isn't the only option, and isn't always the best option, either.

Many individuals, families, and small businesses rely on real estate brokers to find property for them. Real estate brokers are professionals who serve as middlemen or women between the buyers and sellers of real estate.

In Toledo, Ohio, real estate brokers are typically compensated with a percentage of the home's sale price.

Getting a Mortgage in Toledo, Ohio

First and foremost, if a buyer asks any question of the seller relating to physical defects in the property, the seller must, under all circumstances, be as truthful as possible. In this case being "as truthful as possible" means answering such questions to the best of your knowledge, and making reasonable efforts to find the answers if you don't know them. Lying in this case is very bad idea, and will expose you to serious civil penalties

Furthermore, most defects should be disclosed even if the buyer doesn't directly ask about them. Generally, defects which must be disclosed are those which are known to the seller, and which the buyer cannot be expected to find through a regular inspection.

As a buyer, you should be aware that you have some obligations in this area, too. Buyers are expected to be diligent. Failure to do so might prevent the buyer from recovering in a lawsuit.

Generally, buyers have a duty to conduct a reasonable inspection of the property before buying it. Therefore, buyers usually can't recover for defects that could have been discovered via reasonable inspection, unless the seller actively conceals them.

Can a Toledo, Ohio Real Estate Attorney help?

Buying a house can be an exciting, but difficult, experience. Most home buyers want to focus on the positive aspects that come with home-ownership, and ignore the tedious paperwork and legal issues. A good Toledo, Ohio real estate attorney can enable this.

Talk to a Real Estate Law Attorney now!

Life in Toledo

Toledo is the seat of Lucas County and the 4th most populous city in the State of Ohio. Toledo borders the State of Michigan and grew exponentially after the Miami and Eerie Canal were completed. As a transportation hub, Toledo is a midpoint between New York and Chicago via rail lines making it an ideal location for industry and commodity production. Toledo is widely known for its glass production including windows, doors, automobile windshields, art, and other construction materials. Johns Manville operates two premier fiberglass plants in Toledo alongside other giants like GlassTech. The automotive industry also thrives in Toledo with several Fortune 500 automotive companies that produce everything from spark plugs to performance parts.

Toledo's professional sports teams are a big attraction for locals and travelers alike. The Toledo Speedway hosts the Glass City 200 and is known as the home to the "Fastest Short Track Show" in the world which include drag races. The Inverness Club hosts a number of United States Golf Association (USGA) professional events like the U.S. Senior Open and the LPGA's Jamie Farr Owens Corning Classic. Raceway Park horse racing, Toledo Walleye hockey, and the Toledo Mud Hens who are the Detroit Tiger's minor league team are also play within city limits.

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