Fill Out Your Document

Blank Real Estate Purchase Agreement Form for Ohio State

The Ohio Real Estate Purchase Agreement form is a legal document that outlines the terms and conditions of a real estate transaction in Ohio. This agreement serves as a binding contract between the buyer and seller, detailing important aspects such as price, financing, and contingencies. Understanding this form is essential for anyone involved in buying or selling property in the state.

To get started, fill out the form by clicking the button below.

Fill Out Your Document

Table of Contents

Document Overview

Fact Name	Description
Governing Law	The Ohio Real Estate Purchase Agreement is governed by Ohio Revised Code, particularly Chapter 5301, which outlines real estate transactions.
Parties Involved	The agreement typically involves a buyer and a seller, both of whom must be clearly identified in the document.
Property Description	A detailed description of the property being sold is required, including the address and legal description.
Purchase Price	The purchase price must be clearly stated, along with any deposit amount that accompanies the offer.
Contingencies	The agreement may include contingencies, such as financing, inspection, and appraisal, which must be met for the sale to proceed.
Closing Date	The agreement specifies a closing date, which is the date when the property transfer is finalized.
Earnest Money	Earnest money is often required to demonstrate the buyer's commitment and is typically held in escrow until closing.
Disclosures	Sellers are required to provide certain disclosures about the property, including any known defects or issues.
Signatures	Both parties must sign the agreement for it to be legally binding, indicating their acceptance of the terms.
Legal Advice	It is advisable for both parties to seek legal advice before signing the agreement to ensure their rights are protected.

Download Real Estate Purchase Agreement PDF Form

Discover More Real Estate Purchase Agreement Templates for Specific States

Buyer Agreement - Addresses any representations made by the seller.

Purchase Agreement Real Estate - It includes provisions for what constitutes a breach of the contract.

Real Estate Commission in Texas - The agreement includes important dates that buyers and sellers must adhere to.

Real Estate Contract Kansas - The timing of the closing date is often a critical factor for both parties.

Documents used along the form

When engaging in a real estate transaction in Ohio, several forms and documents accompany the Real Estate Purchase Agreement. Each of these documents serves a specific purpose, ensuring that both buyers and sellers are protected throughout the process. Here’s a list of common forms you might encounter:

Property Disclosure Form: This document requires the seller to disclose known issues with the property, such as structural problems or past pest infestations. Transparency is crucial for a fair transaction.
Lead-Based Paint Disclosure: Required for homes built before 1978, this form informs buyers about the potential presence of lead-based paint and its hazards.
Title Search Report: This report details the history of ownership of the property. It helps identify any liens or claims against the property that could affect the sale.
Closing Disclosure: Provided to buyers at least three days before closing, this document outlines the final loan terms, monthly payments, and closing costs, ensuring that buyers understand their financial obligations.
Earnest Money Agreement: This form details the amount of money the buyer will put down to demonstrate their commitment to purchasing the property. It outlines the conditions under which the money may be forfeited or returned.
Inspection Report: After a home inspection, this report provides a detailed analysis of the property's condition. It helps buyers make informed decisions about repairs or negotiations.
Deed: This legal document transfers ownership of the property from the seller to the buyer. It is recorded in the county where the property is located to establish public ownership records.
Affidavit of Title: This document confirms that the seller has the legal right to sell the property and that there are no undisclosed liens or claims against it.

Understanding these forms can help you navigate the complexities of real estate transactions in Ohio. Each document plays a vital role in protecting your interests and ensuring a smooth transfer of property ownership.

Document Sample

Ohio Real Estate Purchase Agreement

This Ohio Real Estate Purchase Agreement ("Agreement") is made as of the ___ day of __________, 20___, by and between:

Seller: _________________________________________________

Address: __________________________________________________

City, State, Zip: _________________________________________

Buyer: _________________________________________________

Address: __________________________________________________

City, State, Zip: _________________________________________

In accordance with the relevant state laws of Ohio, the parties hereby agree to the following terms and conditions:

Property Description: The property being sold is located at: ________________________________________________.
Sale Price: The total purchase price shall be $__________________.
Earnest Money: Upon execution of this Agreement, Buyer shall deliver earnest money in the amount of $_______________ to be held in escrow by ________________.
Closing Date: The closing of this transaction will occur on or before the ___ day of ___________, 20___.
Contingencies: This Agreement is contingent upon:

1. A satisfactory inspection of the property.
2. Obtaining financing under terms acceptable to the Buyer.
3. Any other contingencies as may be agreed upon.

Property Condition: The property is being sold "as-is" and Seller makes no warranties or representations regarding its condition.
Default: In the event of a default by either party, the non-defaulting party may pursue any remedies available at law or in equity.
Governing Law: This Agreement shall be governed by the laws of the State of Ohio.

In witness whereof, the parties hereto have executed this Agreement as of the day and year first written above:

Seller's Signature: ______________________________ ____________

Date: _________________________________________

Buyer's Signature: ______________________________ ____________

Date: _________________________________________