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STATE OF OHIO 2013 DEPARTMENT OF COMMERCERESIDENTIAL PROPERTY DISCLOSURE Repurpose of Disclosure Form: This is a statement of certain conditions and information concerning the property actually known

How to fill out residential property disclosure form

How to fill out a residential property disclosure form:

1. Begin by carefully reading through the entire form to familiarize yourself with the required information and disclosures.
2. Gather all relevant documentation and records pertaining to the property, such as previous inspection reports, renovations, repairs, or any known issues.
3. Start filling out the form section by section, providing accurate and detailed information about the property. This may include details about the structure, plumbing, electrical systems, HVAC, and any other pertinent aspects.
4. Disclose any known defects, hazards, or issues with the property, ensuring you provide specific details and dates if possible.
5. Be transparent and honest in your responses. Remember that the purpose of the form is to inform potential buyers about the property's condition.
6. If you're unsure about any questions, seek clarification from relevant professionals such as real estate agents or lawyers.
7. Review the completed form carefully to ensure accuracy and completeness. Make any necessary amendments or additions before submitting the form.
8. Sign and date the form, acknowledging that the information provided is truthful to the best of your knowledge.
9. Keep a copy of the completed form for your records.

Who needs a residential property disclosure form:

1. Home sellers: It is typically the responsibility of the property seller to fill out a residential property disclosure form. This ensures that potential buyers have accurate information about the property's condition before making an informed decision.
2. Real estate agents: Agents representing the seller should also be familiar with the residential property disclosure form to provide guidance and ensure compliance with legal requirements.
3. Potential homebuyers: Buyers rely on the information provided in the disclosure form to assess the condition of the property and make informed decisions about whether or not to proceed with a purchase.
4. Lenders and insurers: These entities may require a completed residential property disclosure form as part of their due diligence in evaluating the property's value and insurability.

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What is residential property disclosure form?

The residential property disclosure form is a document that provides information about the condition of a property being sold to potential buyers.

Who is required to file residential property disclosure form?

Sellers are required to fill out and file the residential property disclosure form when selling a property.

How to fill out residential property disclosure form?

To fill out the residential property disclosure form, sellers must provide accurate information about the condition of the property and any known issues.

What is the purpose of residential property disclosure form?

The purpose of the residential property disclosure form is to protect buyers by providing them with important information about the property they are interested in purchasing.

What information must be reported on residential property disclosure form?

Information that must be reported on the residential property disclosure form includes any known issues or defects with the property, renovations or repairs that have been made, and any history of flooding or other damage.