Escrow is a vital part of any real estate transaction and protects the financial interests of both buyers and sellers. Ohio Sellers NOT Required to Fill Out a Disclosure Form.Not all home sellers in Ohio are required to fill out a disclosure form. Escrow instructions outline the conditions that both the buyer and seller must meet before the transaction can proceed. Customer: I am in escrow for a home purchase in Ohio. If I want to back out of the contract, am I liable for more than my earnest money deposit? • The Buyer or Seller must fill out and sign the "Escrow Account Agreement" form (depending on who is establishing the POS Escrow Account). Yes, you can sell a home 'as is' in Ohio. State law, however, requires the seller to inform potential buyers of any defects or other problems with the house. Does an escrow agreement have to be in writing?
