👍 What is the Residential Property Disclosure Form in Mayfield OH?

When selling your Mayfield home, the Ohio Revised Code requires you or your realtor to fill out and sign a Residential Property Disclosure Form. This requirement is stated in the Purpose of Disclosure Form section on the last page of the form.

Disclaimer: I am not an attorney and I don’t play one on TV. For legal advice concerning residential property disclosures please seek the advice of your real estate attorney.

As the owner, you provide "actual knowledge" on the current conditions and problems affecting physical areas of your house. This means listing down issues about the property, based on your own personal experience as its current home owner. Third-party inspection is not required to accomplish the form.

What must I disclose?

A seller needs to list down their observations on certain areas of their house for sale in Mayfield Village, Ohio:

1. Water supply
2. Sewer system
3. Roof
4. Water intrusion
5. Structural components (i.e. foundation, basement/ crawl space, floors, interior and exterior walls)
6. Wood destroying insects/termites
7. Mechanical systems
8. Presence of hazardous materials
9. Underground storage tanks
10. Floodplain/Lake Erie coastal erosion area
11. Drainage/Erosion
12. Zoning/code violations
13. Assessments
14. Homeowners' association
15. Boundary lines, encroachments, shared driveway, party walls
16. Other known material defects

Once accomplished, you or your realtor must present the signed form to your buyer before entering into a purchase agreement with them. This is implied in the last section of the form: Receipt and Acknowledgement of Potential Purchasers.

To complete the form, the seller affixes his/her signature, most importantly to acknowledge receipt of the document.

What must I keep in mind?

The form does not require home sellers to inspect or disclose offsite conditions outside their homes for sale in Mayfield Hts, Ohio.

"Offsite conditions" are those that may materially affect the value of your residential real estate property. Examples are noisy neighbors, new real estate construction in the area, a toxic waste contamination issue on a nearby property, and a highway near the owner's home, to name a few.

Based on the form, inspecting offsite conditions falls on the home buyer.

Failure to provide this form gives the buyer the option to cancel your purchase agreement through "a signed and dated document of rescission".

Cancellation of the real estate sale becomes valid when the rescission contract is delivered before ALL three of the following dates:

1) the date of closing; 2) 30 days after the Owner accepted your offer; and 3) within 3 business days following your receipt or your agent’s receipt of this form or an amendment of this form.

Must all home sellers fill out this form?

There are a few exemptions. Home acquisitions in any of the following conditions need not accomplish a Residential Property Disclosure Form:

1. Transfer to a co-owner;

2. Transfer to a co-resident of at least two years;

3. Family transaction;

4. Forced sale (e.g. eminent domain, foreclosure, bankruptcy, probate transaction);

5. Inheritance without occupancy within a year

Disclosure on homes for sale by owners in Mayfield Village, Ohio is serious business. Many first-time home sellers fall prey to incorrect interpretations of the Disclosure Form. Don’t let inexperience come between you and a successful home sale. Call me, Christine Pappas, at 216-956-7635 for more information!

In case you can not view this video here, please click the link below to view 👍 What is the Residential Property Disclosure Form in Mayfield OH? on my YouTube channel: https://youtu.be/U9przpN0E84

How to Sell Your Home When Living with Pets

To my surprise, not everyone loves dogs and cats, and over the years of selling houses in the Northeast Ohio area, I’ve learned that our beloved pets can be a complete turn off to people looking to buy a house. So, when our pet lovin’ clients are ready to sell their house, we have them take some extra steps to make sure the house is appealing to a home buyer.

• Scoop the poop from the yard.

• Clean out the litter box. 

• When possible, take the animals with you during showing times. 

• And, take their dishes too (sometimes just the site of animal items will invoke ‘the house smells of ‘ and send a buyer running) 

• Have the house professionally cleaned and deodorized (we once had to have our client repaint their family room because their dog would lay and rub against the walls and leave an oily film on the wall causing a dog odor). 

• Have a friend who would tell you the truth and that has a great nose, come over for a sniff test. 

• Vacuum daily to pick up the pet hair. 

• Have the carpets cleaned 

• Whatever you do, Don’t use one of those plugins, or the like to try to cover up pet smells, it really turns a buyer off. We’ve had some buyers refuse to look around a house because the smell is sickening. 

• For stubborn pet odors, we have purchased an ionizer for our clients to use. 

• Don’t leave your pets in a specific room where people can’t get in to see it. More times than I can count, homeowners have left their pets in the laundry room, garage, bedroom, basement, with a note stating not to open the door, which means a Mayfield Heights OH home buyer cannot see in the room, leaving the room to their imagination (and that is just not good, turns out, most buyers will think the worst and turn away from the house). 

• If you cannot take your pets with you during showing times, crate your pets so your potential home buyer can see in every room.

• Odors of any kind have a negative impact on people, and pet odors are at the top of the list of why a home buyer won’t buy a Mayfield Heights house.
  Getting your house sold often involves eliminating the roadblocks that will keep a person from buying. Keep in mind your house has only one time to be a new listing, and one chance of making a great 1st impression, so take your time in getting the house ready for sale. Doing so will pay off for you in the long run, both monetarily and in the time it takes to sell the house.
  With me as your Mayfield Heights OH real estate agent, you can have expert guidance you can count on. Find out how I can help you, call me, Christine Pappas, at 216-956-7635 today!
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• In case you can not view this video here, please click the link below to view How to Sell Your Home When Living with Pets on my YouTube channel: https://youtu.be/_lYAGtZn3EA

What Are the Closing Costs of Buying a 🏡Home in Mayfield Heights?

Buying a home is a life accomplishment that is nearly on everyone’s bucket list.

Whether you prefer a modern home with large windows and daring roof lines or a suburban home with a white picket fence, most of us hope to find a home that will keep us and our loved ones happy for the long term.

However, buying a house is never easy. There are a lot of things that you have to prepare for. The process can be quite confusing, especially for first-time buyers who have never done it before.

One area that is often misunderstood is closing costs. Many buyers don’t know what to expect or how much they will have to pay. You need to understand what closing costs are when buying a home in Mayfield Heights.

What are closing costs?

Closing costs are miscellaneous expenses that are paid at the closing of a real estate transaction. Closing costs are given when the title of the property is transferred from the seller to the buyer. It can be incurred by either the seller or the buyer.

The total amount of closing costs depends on the location and the value of the property being transferred. The average closing costs percentage is usually about 2-5% of the purchase price.

Closing costs can vary from lender to lender and from market to market. However, the following closing costs are fairly typical for most home sales in Mayfield Heights, Ohio:

Loan origination or lender fees

The loan origination fee is simply a cost meant to pay for the research your lender has done on you as a borrower. It covers the lender’s cost of processing the loan, including origination, underwriting, document preparation, processing, funding, and administration. It is usually about 1 percent of the total home loan, but it is one of the few that can be negotiated.

Appraisal fee

This is the payment for the appraiser who assesses the value of the property you are looking to buy. Every lender requires a property appraisal report to determine how large of a mortgage to grant you.

Settlement/ Closing Fee

Legal representation at the time of closing is not required in the state of Ohio. The title company handles all the legal aspects of the settlement.

Title Insurance

Title insurance is an insurance policy that protects the lender against any problems found in the public records or the possibility of title fraud. The buyer is required to pay for the cost of title insurance on the lender in the amount of the loan.

Survey

A survey must be conducted to find out important details about a house and the land it sits on. Property surveys are done to avoid any property line issues that might arise. The cost of a survey depends on a series of factors such as property size, terrain, and location.

Home Inspection

You should have the home checked out by a professional home inspector to avoid a costly mistake of purchasing a property in need of major repairs. Typically, the buyer pays for the home inspection as part of the total closing costs.

Are you in the market for a home for sale in Mayfield Heights? Let me assist you!

I am Christine Pappas, your REALTOR® from Ohio. You can count on me to make your home buying experience easier! Call me at 216-956-7635 now!



In case you can not view this video here, please click the link below to view What Are the Closing Costs of Buying a 🏡Home in Mayfield Heights? on my YouTube channel: https://youtu.be/_WEMppCzeag

What’s My Home Worth in Mayfield Heights?

When you sell your home in Mayfield Heights, the first thing you should ask yourself is. How much is the value of your home? But how do you figure it out? Determining how to calculate the value of your home in Mayfield Heights is important. I bet you do not want to end your day knowing that you sold your home for less than it is worth in this market. Let me help you get the most accurate estimation on the value.

How to calculate or determine the worth of your home in Mayfield Heights?

When you've decided to sell your home, you need to know the market value. Keep in mind that sentimental value has nothing to do with your market value. Market value is the estimated price on how much your buyers are willing to pay.

There are online tools available on the internet for free to help you get an estimated price. You need to input your location and then it will give you the estimation. This might be helpful but do not rely on it. When you sell your home, location is not the only basis in setting your price.

To have an overview of the ideal price estimation of your home, you can use basic valuation concepts.

1. Capital Structure

This is when you review the total costs spent when building the home or the original price of the home when you bought it. This is the primary basis in knowing the worth of your home. As with any item or property you have bought, you’ll always base its price on its original worth if you have decided to sell it.

This is to ensure you’ll set a fair and reasonable price for your home. You will not only protect your interest but setting a fair ground for your  potential buyers, too.

2. Location of the property

In appraising a property, you consider the location’s potential for business too. Buyers also take into consideration if the property offers an opportunity for future earnings. Also, you may consider the type of community where your home is located.

For example, if the property resides in a subdivision of high maintenance security there will be more considerations. Moreover, if the community is luxurious, your home will not have an average price tag.

3. Market Value of Assets

There are other factors in determining the value of your home. One of which is determining your assets within your home. Swimming pools, great architectural backyards, and well-maintained garden are assets. Assets add to the appraisal value of your home.

Considerations in setting the value of your home

1. Using me, Christine Pappas, as your real estate agent.

Having a knowledgeable real estate agent to help and guide you is an asset. The real estate agent's expertise is immeasurable and tested. I am equipped with the experience needed for selling homes in Mayfield Heights. Not opting to have ane experienced agent may cost you later. Here are the following characteristics you can look forward to receiving from a real estate agent. The real estate agent should have:

a. Education and Training

b. Connections

c. Experience with Legalities

d. Negotiation Skills

e. Knowledge of the Market

2. You set your value right.

It is important that you are setting the most ideal price for your home. This is to balance your interest with the buyer’s needs. The right value equates to great deals!

3. Be wise.

Review the sold homes in Mayfield Heights so you can have an accurate assessment of the price. Weigh your pros and cons in every decision you make.

Knowing and setting the right worth of your home is a must. If you are hesitant with your own decisions, work with me as your agent. I will help you with all the knowledge and experience that I have. I’m passionate and strive to help every client I’m working with.

If you have questions or are interested in selling/buying a home in Mayfield heights, call me, Christine Pappas, 216-956- 7635. I’ll be happy to guide you.

In case you can not view this video here, please click the link below to view What’s My Home Worth in Mayfield Heights? on my YouTube channel: https://youtu.be/oQuQUiqKxiI

UNDER CONTRACT! 6341 Dunfield Dr Mayfield Heights Ohio 44143 | Home for Sale

 

A beautifully remodeled home in a family friendly community

Quietly nestled in the charming community of Worton Park Estates is this move in ready, contemporary split level home. 

This 3 story Mayfield Heights home for sale exudes a warm and inviting atmosphere, and offers numerous upgrades.

Exceptionally well-maintained, this home is great for living and entertaining. With 3 bedrooms, 2 bathrooms, a 2 car attached garage and 1,920 square feet of living space, this home has space for all your needs. 

Offered at a budget friendly price of $240,000, this home is truly a fantastic find!

Enjoy living in the vibrant city of Mayfield Heights.

Mayfield Heights is a suburb on the east side of Cleveland. This city is ethnically diverse as many residents belong to different racial and ethnic groups.

Do you know that there are more people in Mayfield Heights who work in computers and math than in other places in US?

If you have children, you would be thrilled to know that this city's schools rank high among Ohio's schools.

This Dunfield Drive home is set in Worton Park Estates, a lovely community known for its proximity to local amenities and delightful single-family homes. Its amenities include a park, a playground and a pool.

Many  retail stores and restaurants are within a three mile radius and I-271 is just minutes away from this home.

A home designed for comfort and functionality

Upon entering the home, you’ll immediately notice the home is well maintained, is pleasing to the eye, has an easy natural flow to it, and has been extensively remodeled with a modern open look and feel.

An inviting living room

You'll fall in love with this Mayfield Heighthome for sale's living room!

With its big windows allowing natural light to light up the room, and the imposing stone fireplace in one corner, this living room is impressive and perfect for visitors. 

Set it up with tastefully chosen seats and furnishings and you've completed a  look worthy of a home decor magazine!

Look forward to cooking daily at the spacious gourmet kitchen

Directly across the foyer is this home's gourmet eat-in kitchen.

It features granite counters, stainless steel appliances, a beautiful backsplash, loads of two toned cabinets, and a breakfast bar made of stone with a granite counter. 

This kitchen is striking and complementary with all the high-end materials used. 

A dining space is provided at one side.

Imagine inviting friends over for dinner and great conversation. The open layout allows you free interaction with anyone on this floor, wherever you are.

Experience the best bonding moments with your loved ones in the cozy family room.

The family room is on the first floor of this home.

It features a wall of built-ins with the sliding glass doors leading to the rear yard.

Bright and cozy, you will enjoy relaxing in this family room. The carpet floor enhance its comfort level, while the glass door provides a great view of the backyard.

Set it up with your favorite entertainment system and you’ll have something to look forward to when you go home each night.

Next to the family room is an office space for you. It is a bright room where you can work in peace.

Turn the master bedroom into your favorite space in this home

This Mayfield Heights home for sale offers three elegant and large bedrooms that will surely tempt you to stay inside forever.

The master bedroom features polished hardwood floors, blue walls, big windows, and recessed lighting. The effect is modern and relaxing.

Get the best relaxation and sleep in this comfortable and stylish master bedroom.

This room also has two closets and a direct access to the remodeled bathroom.

The master bathroom is good-sized, bright and has plenty of cabinets.

More living spaces are available in this home. Off the garage is a dream laundry and mud room with plenty of storage and room to work in, and another remodeled full bathroom.

A fantastic outdoor living space awaits you!

Open the sliding doors of the family room and step onto a concrete patio and the expansive backyard beyond it.

Fenced for privacy, it is the perfect place to entertain friends, have a barbecue party, enjoy al fresco dining and set up a private playground for the kids.

Your kids will surely love this outdoor area where they can play and run freely.

From this patio, you have a wonderful view of your big backyard, neighbors and the big blue sky.

Some homes are meant to be cherished, and this quality home deserves that! A one year warranty is provided with the sale.

I’m Christine Pappas. Call me at (216) 956 -7635. Let me help you find the home of comfort and style that you are looking for.

In case you can not view this video here, please click the link below to view 6341 Dunfield Dr Mayfield Heights Ohio 44143 | Home for Sale on my YouTube channel: https://www.youtube.com/watch?v=j3sz7KkYvik&feature=youtu.be