Did you know, over 60% of home sellers in the US admit to hiding known property issues? Many buyers think they’re getting a fair deal—until the problems surface. By then, it’s too late. Legal battles, unexpected costs—no one wins!
But you don’t need to worry. A seller’s disclosure is your safeguard against all of that. By being upfront, you protect yourself and your transaction. What’s more, Houzeo makes listing on the Ohio MLS easy and guarantees transparency at every step.
What Is an Ohio Property Disclosure Form?
In Ohio, a seller’s disclosure is a legal document that details your home’s condition and history. Disclose any known flaws, such as flooding or severe storms (including Tornadoes and High Winds), that could impact the property’s value. This allows buyers to make an informed decision and avoid nasty surprises.
Is a Seller Disclosure in Ohio Mandatory?
Yes! Ohio real estate law requires you to disclose any material defects in real estate. If your property has a water intrusion, mechanical systems, or even a termite infestation, you must disclose it. Don’t risk skipping this step—it’s the law.
What Do You Have to Disclose When Selling a House in OH?
In Ohio, sellers must disclose known defects, including structural issues, water damage, and environmental hazards. Ensure that you disclose these issues if they exist, especially if you are selling a house by owner in Ohio:
1. Material Defects
- Structure and Appliances: If your HVAC system is on its last leg, be upfront about it. Ohio’s humid weather can wreak havoc on appliances as well as plumbing.
- Drainage and Flooding: Disclose past flood damage, especially if you live in flood-prone areas like Miami or Tampa. Do not forget to mention the dates and any history of drainage issues.
- Plumbing: State the source of potable water and if there are issues with it. Also, mention any unused wells or tanks on the property, as well as issues with the sprinkler or plumbing systems.
- Pools and Water Features: Highlight safety features like enclosures and barriers. If you’ve got a pool, make sure it’s up to code. Ohio law mandates that all pools built after October 2000 meet the safety guidelines in the Residential Swimming Pool Safety Act.
2. Code Violations
- HOA Restrictions and Boundaries: State law requires homeowners to be members of the HOA. Therefore, you must disclose HOA fees as well as resale and lease restrictions.
- Government Restrictions: Reveal any violations of zoning rules, construction breaches, safety codes, or restrictions on property additions. Also, disclose any unrecorded liens.
3. Environmental Hazards
- Health and Safety Risks: Disclose the presence of lead-based paint, asbestos, mold, or radon gas.
- Infestations: Ohio is notorious for termites. If you’ve had an infestation or damage, make sure it’s disclosed when selling a house as is in Ohio.
- Sinkholes: You must disclose any nearby sinkholes or weak areas that could be prone to caving in. Also, include any past claims you’ve raised related to these issues.
- Environmental Damage: Mention any past environmental damage or repairs. Also, specify if there are any sensitive areas like mangroves on the property.
4. Federal Disclosure Requirements
If your house was built before 1978, you must disclose any lead-based paint hazards. Even for newer homes, the Lead-Based Paint Hazard Reduction Act of 1992 requires sellers to:
- Provide an EPA-approved pamphlet on lead hazards.
- Include the Lead Warning Statement in the contract.
- Disclose any known lead-based paint on the property.
What Can You Skip in an Ohio Disclosure Statement?
Ohio law doesn’t require you to include specific details in a disclosure form real estate statement, such as:
1. Emotional or Psychological Events
- Deaths, suicides, or violent crimes on the property – unless they caused physical damage (e.g., structural stains, biohazards).
- Beliefs about paranormal activity or hauntings (no legal obligation to mention).
2. Neighborhood Factors
- Proximity to registered sex offenders (buyers must research via Ohio’s public databases, like the Ohio Attorney General’s website).
- Nearby nuisances (e.g., airport noise, future construction plans).
3. Health or Privacy Matters
- Previous occupants’ illnesses (e.g., HIV/AIDS), unless they led to physical damage.
- Divorce, bankruptcy, or other personal events unrelated to the property’s condition.
What Is the Penalty for an Incorrect Ohio House Disclosure?
If you lie or omit information on your Ohio real estate disclosure form, you could face severe penalties. These may include one or more of the following:
- Legal Liability: If you don’t disclose major defects, the buyer can sue you for repair costs. However, they must prove that you knew about the defect and deliberately withheld the information.
- Contract Rescission: The buyer can cancel the contract if any key information was intentionally or unknowingly undisclosed. They can also seek reimbursement for expenses already incurred.
- Fraud Charges: If you knowingly provide false information or omit material facts, you may be liable for civil fraud. You may have to pay hefty financial penalties, including compensatory and punitive damages.
- Legal Fees: If the buyer wins a lawsuit, you may be responsible for both the damages and the buyer’s attorney fees. This can significantly increase your financial burden.
How to Minimize Issues in the Ohio Seller’s Disclosure Form?
To reduce issues with your seller disclosure in Ohio, be thorough, accurate, and proactive. Here’s how:
- Understand the Legal Requirements: Sellers must disclose known property defects in Ohio. The law covers major issues. Hiding problems risks lawsuits or canceled deals.
- Complete a Pre-Sale Inspection: Get a thorough home inspection and fix what you can. This reduces the number of defects you have to disclose.
- Review the Disclosure Carefully: Check for unclear wording or missed disclosures. If you don’t comply, you risk legal trouble or losing the buyer.
- Consult with Professionals: If you’re unsure about the disclosure agreement, consult a real estate attorney in Ohio. They understand Ohio real estate disclosure laws and can help you with the seller disclosure requirements.
- Keep All Bills and Records: These act as supporting documents to your seller disclosure. They also prove that you have addressed any known issues.
How Important Is the Seller’s Disclosure Statement in Ohio?
Ohio law mandates that sellers disclose all known property defects to avoid lawsuits and ensure fair transactions. An honest disclosure protects buyers from surprises while shielding sellers from costly legal battles post-sale.
Currently, the Ohio Real Estate inventory gives buyers ample choices. The market is competitive, and buyers can walk away if they discover hidden issues. So, you must be transparent when completing the seller disclosure.
