This form is a Contract for the sale of real estate for use in Ohio. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Cincinnati Ohio Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Ohio
City:
Cincinnati
Control #:
OH-00472
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Ohio Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
If you're applying for a conventional loan to finance a home purchase in Ohio, lenders will require a minimum credit score of 620. If you want to get approved for the lowest rates possible, though, you should work to improve your credit score; 740 tends to be the magic number for the best terms for buying a home.
When buying or selling a home, you may wonder ?does a real estate purchase agreement need to be notarized?. The answer is that real estate purchase agreements do not need to be notarized or witnessed in order to be legally binding.
Even though Ohio does not require that an attorney be present at a real estate closing, having a knowledgeable and experienced real estate closing attorney on your side can help ensure that the transaction proceeds smoothly, that your interests are protected, that you are well-informed, and that any unforeseen issues
How do I write a Sales Agreement? Specify your location.Provide the buyer's and seller's information.Describe the goods and services.State the price and deposit details (if applicable)Outline payment details.Provide delivery terms.Include liability details.State if there's a warranty on the goods.
Clauses That go Into an Agreement to Sell Names of the buyer and seller, their age, and residential addresses. Date and place of execution of the agreement. Competence of parties to enter into the agreement. Rights and liabilities. Details and documents of how the seller came to own the property.
Documents needed before listing your home Original sales contract.Appraisal from when you bought your home.Mortgage statement (payoff amount)Homeowners insurance records.Homeowners Association (HOA) documents.Home repair and maintenance records.Receipts for capital improvements.Manuals and warranties.
How to write a real estate purchase agreement. Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.
How to Write a Real Estate Purchase Agreement Step 1 ? Fill Out Buyer and Seller Information.Step 2 ? Describe the Property.Step 3 ? Identify Personal Property.Step 4 ? Provide the Purchase Price and Details.Step 5 ? Describe Disclosures.Step 6 ? Write Assumption of Loan Details.Step 7 ? Identify Financing Contingencies.
It's often worth it to spend money on a real estate attorney, but it is not legally required in most states. Attorneys make sure all paperwork is properly drawn up and filed with the authorities. Attorneys do title searches and can negotiate should a search uncover a problem.