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Pepper Pike : Real Estate Advice

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  • Home Buying1
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Activity 4
Tue Apr 26, 2016
JGuy2121 asked:
I am moving from a town that is a sellers market. A house on my street sold recently in 3 days and had many offers well above ask which isn't uncommon. My problem is not the selling I…
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Thu Aug 7, 2014
Dennis Evans answered:
It sure does increase traffic, However you don't want to many as it burns the listing out and creates a situation of desperation as well as buyers, saying... whats wrong with this house?
Just my humble opinion.
Dennis
... more
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Sun Jun 16, 2013
Cecilia Sherrard answered:
Hello,

Homes listed for sale on Trulia are listed by agents. You would need to list your home to get it on this website and hundreds of others. If you need assistance selling your property or getting it on the market feel free to contact me anytime. I'd be happy to go over my marketing plan with you and discuss your goals.

Cecilia Sherrard
RE/MAX NE Ohio
216-323-4620
http://www.YouShouldOwn.com
... more
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Tue Jan 26, 2010
Dennis answered:
Cindy, The most direct answer to your question is Yes, it could be a health hazard, and Yes, the Bank can sell it to you as is, with it being your responsibility to bring the property into a safe operational condition again. Prior to my retirement from government I served as the State of Ohio Superintendent of Real Estate, and in 1993 created a bill called the seller disclosure. This where the seller must disclose any material defects of the property. That primarily comes into play when the transaction is at arms length, or a normal person to person sale. When a bank however, takes over a property, that institution may not be aware of the historical material defects of a property, and almost always sales the property in an "As Is" condition. Simply put, the buyer will assume all of the risk of disclose (visible in the five foot of water situation), or hidden defects. It becomes a contractual agreement that you can accept, or reject. So consider this when making the purchase of a foreclosed property. Also, consider that cities such as Shaker Heights, Cleveland Hts, and so many others, aggressively enforce housing actions on these types of properties. Best thing to do is hire a very high quality contractor, who can come in and share with you all of the potential defects, the corrective activity that will have to be completed, with the cost. Inspection of such a huge purchase should not be a cost cutting option. The bottom line to keep in mind, is that the buyer must always be aware. The bank, primarily, offers you financial option to pay over time, if you cannot make a cash offer on a property. Of course, there is so much more to property procurement, so consult an legal council. After that, the decision is yours. ... more
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