Get Ohio Closing Statement

The Ohio Closing Statement is a crucial document used during real estate transactions, providing a detailed breakdown of costs associated with the sale. This guide will offer step-by-step instructions on how to complete the form online.

Follow the steps to fill out the Ohio Closing Statement accurately

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the seller’s information in the designated section. Fill in the seller's name in the 'Seller:' field and any additional sellers if applicable.
3. Next, input the buyer’s information in the 'Buyer:' section, including all relevant buyer names.
4. Provide the property address in the 'Property Address' field, followed by the city, state (Ohio), and zip code.
5. Complete the numerical fields in the 'Seller(s) Column' starting with the sales price in '1a.' and the buyer's sales price in '1b.'.
6. Continue by entering the down-payment amounts in '2a.' for the seller and '2b.' for the buyer.
7. Next, record the remaining balance for both seller and buyer in '3a.' and '3b.' respectively.
8. Fill in the expenses related to both parties, starting from '4a.' for the seller and '4b.' for the buyer.
9. Provide details for various fees, including title search, recording fees, title insurance, attorney fees, notary fee, survey, and commission amounts in the relevant fields.
10. Calculate and enter the 'Total Expenses' in '20a.' for the seller and '20b.' for the buyer.
11. Next, complete the balance calculations by entering the 'Balance Less Expenses' for the seller in '21a.' and 'Balance plus Expenses' for the buyer in '21b.'.
12. Record any other adjustments such as tax prorations or special assessments in the respective fields.
13. Calculate 'Total Adjustments' in '30a.' for the seller and '30b.' for the buyer.
14. Lastly, determine the 'Balance Due to Seller' in '31a.' and 'Balance Due from Buyer' in '31b.'.
15. Review all entries for accuracy. Once completed, you can save changes, download, print, or share the form as needed.

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