Buying Vacant Land in Ohio: Title, Survey, and Closing Issues to Know
Land Is Not Like a House Buying vacant land can be exciting, whether you plan to build a home, hold an investment, or add acreage to a family property. But land transactions have unique risks that a standard home purchase may not. There is no house inspection to flag problems, boundaries can be uncertain, and …
Ohio’s Property Disclosure Law: What Sellers Must Tell Buyers Before Closing
Why Disclosure Matters at Closing Before a buyer signs a purchase contract for an Ohio home, state law requires most sellers to complete and deliver a specific form disclosing known issues with the property. This disclosure requirement, found in Ohio Revised Code Section 5302.30, exists to give buyers a clearer picture of what they're purchasing …
Understanding Closing Costs: What Prepaids and Escrow Reserves Really Cover in Ohio
Deferring Capital Gains on Investment Property For real estate investors in Southwest Ohio, a 1031 exchange, named for Section 1031 of the Internal Revenue Code, offers a way to sell an investment property and reinvest the proceeds into another like-kind property while deferring capital gains taxes that would otherwise be due immediately. While the tax …