Legal-Ease: Selling a house

Lee R. Schroeder is an Ohio licensed attorney with Schroeder Law LLC in Ottawa. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at [email protected] or at (419) 523-5523. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.

Selling a house comes with a set of steps to be followed by the sellers and buyers. On the seller side, certain forms must be completed as mandated by the state that pertain to defects in the property. Buyers must submit their own reports, as a formal “offer.” Other formal steps must be followed, and certain conditions may create more steps depending on government law.

Selling a house can be straightforward if the seller knows what to expect. At the outset, a licensed real estate broker or real estate salesperson can be a valuable resource, especially with “listing” the house. Listing is the process of advertising on certain various public and subscription lists that the house is likely available for purchase.

The listing also usually includes a listing price. The listing price is not a promise to sell the house for that price. Rather, the listing price provides information to potential buyers to help them save time and resources by having an idea of the seller’s financial expectations.

Read more about selling a house in Lee’s article in the Lima News, Legal-Ease: Selling a house

Source: LimaOhio.com, “Legal-Ease: Selling a house” by Lee. R. Schroeder, October 22, 2016

Posted in Buying a Home, Real Estate Law and tagged , , , .