The general terms and conditions of sale encompass the rules and guidelines governing the sale of a product or service. They outline the rights, responsibilities, and obligations of both the seller and the buyer.
However, Ohio disclosure law requires sellers to only disclose items they are aware of. You will not need an inspection to complete the form, only your knowledge of the property. This includes things like neighborhood nuisances, safety hazards, water damage, and anything that has needed repairs.
Contingencies. As we explained earlier, contingencies are placed in property agreements to indicate that conditions must be met before a sale can be completed. Contracts have contingencies to protect the buyer and the seller in the property agreement.
If the buyer is not working with a real estate agent and does not have representation, the offer would come directly from the buyer. Represented buyers can also write their own offer letter and have their agent submit it for them.