Real Estate Purchase Agreement Ohio 2024

Real Estate Purchase Agreement Ohio: What You Should Know

The terms of the agreement are not limited to just the above. · Requirements of the Real Estate Purchase Agreement include: · The type of property to be purchased · Minimum Purchase Price · Time to Complete Contract · The seller's name. · The buyer's name · The number (number) of days to close the transaction; · The seller's address. · The buyer's address · The seller's business mailing address · The buyer's signature · The Seller's signature · Any security deposits and/or insurance payments required. · Closing Date · Fees to be Paid (if any) in addition to the purchase price. (A listing price, if applicable) · Amount of the cash sales price (if applicable) · Additional fees if the property sells within 30 days of the sale date, as determined by the Ohio Real Estate Commission. · No other closing conditions may be imposed except a property that meets all the conditions set forth in Section 11.3.(3)(b) of the Real Estate Code. · The following provisions will only be permitted: · The seller's or the buyer's name only once in the agreement itself, underline it with a circle. · The seller's or the buyer's names only once in any accompanying records kept by the seller after the closing of the transaction. · The sellers' or buyers' name for the purpose of identification of an escrow agent shall not appear on any record of escrow, unless the seller or buyer requests use of such name in connection with the transaction. · The seller's name shall not appear on any records of escrow for any purpose except for escrow purposes that involve the property being sold to the seller or buyer, or for purposes of making a sale price determination before the closing. · A statement of an itemized appraisal of the property by a qualified licensed appraiser not later than five (5) days prior to the closing. · A statement that a completed appraisal report containing all facts and findings is given or has been given to the seller or buyer pursuant to paragraph 11 of the Real Estate Code. · If the property sold will be sold by a Title Exchange, a statement that the property will be held at a public real estate office prior to the seller or buyer using its own real estate office.

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