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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their real property. Tax advantages. Buyers can claim property taxes, the value of improvement projects (i.e., Maintenance and tax liability lifted. No legal title.

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Consequently, they are not likely to disclose any negative information about their property that they do not legally have to disclose. So, while it may be true that the property value is diminished in the eyes of the homeowner, it’s probably not in the eyes of most buyers. That’s also why appraisals are not cheap.