Frequently Asked Questions
Common questions about buying and selling real estate in Ohio.
How do I start the home buying process in Ohio?
Start by getting pre-approved for a mortgage, then contact a licensed Ohio real estate agent like Sommer Ronk with Coldwell Banker Realty. Your agent will help you search for homes, make offers, and navigate the transaction through closing.
What is an agency disclosure in Ohio?
Ohio law (ORC 4735.56) requires your real estate agent to provide a written Agency Disclosure form at first substantive contact. This form explains whether the agent represents the buyer, seller, or both parties.
What does a buyer's agent do?
A buyer's agent represents your interests throughout the home purchase process, including property searches, showings, offer preparation, negotiation, and guiding you through closing.
What are typical closing costs for buyers in Ohio?
Ohio buyers typically pay 2-5% of the purchase price in closing costs, including loan origination fees, title insurance, appraisal fees, inspection costs, and prepaid taxes and insurance.
What is the Ohio Property Condition Disclosure?
Ohio law (ORC 5302.30) requires most residential sellers to complete a Property Condition Disclosure Form disclosing known material defects in the property before the buyer signs the purchase agreement.
How long does it take to buy a home in Ohio?
The typical Ohio home purchase takes 30-60 days from accepted offer to closing, though timeline varies based on financing, inspections, and transaction complexity.
What is dual agency in Ohio?
Dual agency occurs when one agent or brokerage represents both the buyer and seller in the same transaction. Ohio law (ORC 4735.70) requires written consent from both parties for dual agency.
What areas does Sommer Ronk serve?
Sommer Ronk serves the Columbus, Ohio metro area including Dublin, Westerville, Powell, New Albany, Hilliard, Gahanna, Pickerington, and throughout Franklin and Delaware Counties.
How do I get a home valuation?
Contact Sommer Ronk for a free Comparative Market Analysis (CMA). She will analyze recent comparable sales, current market conditions, and your property's unique features to provide an accurate home value estimate.