Ed Brown Insurance Protecting Investors and Homeowners in Ohio

Ed Brown is one of the top ranked real estate investors in Ohio. His listings are in Cleveland, Columbus, Sandusky and Youngstown. The main office is in Columbus, Ohio, but he also has outposts in other cities including: Bath, Butler and Portsmouth.

As a real estate investor in Ohio, you need to understand that the laws and regulations governing real estate in Ohio are different than in other states. This can be complex and confusing for the uninitiated. It is important to be aware of what is required and what is not when investing or selling real estate in Ohio. In addition to the laws and regulations, there are also various tax benefits available to real estate investors in Ohio. Real estate is a great investment because real estate appreciates in value. Also real estate yields tax free.

There are three ways to buy an Ohio property: by buying directly from a homeowner, through an agent of some sort and through a broker. Buying directly from a homeowner is the simplest and safest way. The problem with this method is that the homeowner may not have the funds to pay off all the debts accrued on a piece of property. Also agents have high commission fees that make the deal unattractive to many buyers. On the other hand, brokers can take care of all the paperwork and make sure the deal goes through.

A third option available to Ohio home owners is to go through a broker. Brokers are licensed real estate agents that purchase and sell property on behalf of sellers. They earn their commission from the actual sale price of the property that is paid to them by the seller.

There are advantages and disadvantages to using a broker and there are even more pros than cons with using a broker. The obvious advantage is the lower commission that is paid. The broker may also be able to find tax liens and other tax liability issues that may not otherwise be found by the buyer. In addition, a broker will have information about the best deals in the area and can possibly negotiate a better price on the property.

Ohio has a real estate boom because of the housing bubble. When the bubble burst the housing market dropped drastically costing thousands of people their jobs and homes. Ohio is one of the states hit hardest by the housing crisis. Since the bust there has been a rush to purchase foreclosed homes in the hope of finding a better deal and avoiding liability from tax liens. A good realtor will have the information needed to help buyers avoid costly mistakes.

Some of the tax liability issues that Botkin Ohio buyers might run into include lien status confusion and a lack of any clear resolution to a previous lien. For Insureinfoq , a previous owner of the property might have created a maintenance agreement that contained the right to collect regular maintenance fees. The problem was that there were no terms stating that the owner could not sell a lien and collect additional fees from buyers who failed to pay their debt. With the recent rash of foreclosures and the large number of liens that must be paid it is very easy for buyers to create problems with this kind of information.

Buyers need to be very careful when dealing with any tax liability issue. They need to make sure that they are fully aware of the lien and that they understand how much they are responsible to pay if the debt cannot be collected. If a buyer can not pay then the property could end up in a legal dispute with the former owner that could drag on for years. For this reason it is absolutely critical to purchase an insurance policy that protects the buyer. Insurance like this will protect the investor and provide them with the protection from the potential of losing a lien to tax liability.