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Updated over 3 years ago on . Most recent reply

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8
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David Young
  • Investor
  • Lima, OH
3
Votes |
8
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Seller refuses to provide Residential Disclosure Form

David Young
  • Investor
  • Lima, OH
Posted

I am looking at buying a package of 3 houses from a seller who is selling off his rental portfolio of 70+ Single family homes. They were all listed individually on the MLS, so I packaged 3 of them together to get a good price. Once we had an accepted offer, we requested residential disclosures forms, and the seller's agent informed us that the seller is not providing residential disclosures for these properties. Does anyone have recommendations on what to do when a seller refuses to provide a residential disclosure?

Most Popular Reply

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Marc Rice
  • Real Estate Agent
  • Columbus, OH
1,730
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1,726
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Marc Rice
  • Real Estate Agent
  • Columbus, OH
Replied

@David Young

In my real estate agent classes, we were told if the seller does not provide an RPD prior to close the buyer has the right to terminate. There’s nuances to it and you may want to lookup some of the real estate law language provided by some board of realtors.

It sounds like your only real option is to terminate. Will they not even sign one of those “buyer has not lived in the property and has no knowledge of anything” versions?

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