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.
The Columbus Ohio Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legal document that outlines the terms and conditions of the sale and purchase of a residential property in Columbus, Ohio without the involvement of a real estate broker. This agreement is used when the buyer and seller wish to directly engage in the transaction, without the need for a real estate agent to facilitate the process. This contract includes important details, such as the identification of the buyer and seller, the property address, and a description of the property being sold. It also specifies the purchase price agreed upon by both parties, the method of payment (such as cash, financing, or other arrangements), and any conditions or contingencies that the sale is subject to, such as a satisfactory inspection report or mortgage approval. The contract may also include provisions regarding the closing date, which marks the official transfer of ownership from the seller to the buyer. It may outline the responsibilities of both parties in terms of securing necessary documentation, such as the title search, property survey, or disclosure reports. This specific type of agreement, the Columbus Ohio Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, emphasizes the absence of a real estate broker or agent in the transaction. This means that both the buyer and seller are solely responsible for negotiating and executing the terms of the sale without professional assistance. The absence of a broker typically means that the parties can directly communicate with each other and save on real estate commissions. It's important to note that there may be different versions or variations of this contract depending on specific factors, such as the presence of additional addenda or clauses addressing specific contingencies or legal requirements. Some examples of such variations may include contracts tailored for contingent sales (subject to the sale of another property), contracts with specific financing terms, or contracts for properties in certain neighborhoods or developments. In any case, it is crucial for both parties to carefully review the contract, seeking legal advice if necessary, to ensure that all essential aspects of the sale are properly addressed and that both parties' rights and obligations are adequately protected.The Columbus Ohio Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legal document that outlines the terms and conditions of the sale and purchase of a residential property in Columbus, Ohio without the involvement of a real estate broker. This agreement is used when the buyer and seller wish to directly engage in the transaction, without the need for a real estate agent to facilitate the process. This contract includes important details, such as the identification of the buyer and seller, the property address, and a description of the property being sold. It also specifies the purchase price agreed upon by both parties, the method of payment (such as cash, financing, or other arrangements), and any conditions or contingencies that the sale is subject to, such as a satisfactory inspection report or mortgage approval. The contract may also include provisions regarding the closing date, which marks the official transfer of ownership from the seller to the buyer. It may outline the responsibilities of both parties in terms of securing necessary documentation, such as the title search, property survey, or disclosure reports. This specific type of agreement, the Columbus Ohio Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, emphasizes the absence of a real estate broker or agent in the transaction. This means that both the buyer and seller are solely responsible for negotiating and executing the terms of the sale without professional assistance. The absence of a broker typically means that the parties can directly communicate with each other and save on real estate commissions. It's important to note that there may be different versions or variations of this contract depending on specific factors, such as the presence of additional addenda or clauses addressing specific contingencies or legal requirements. Some examples of such variations may include contracts tailored for contingent sales (subject to the sale of another property), contracts with specific financing terms, or contracts for properties in certain neighborhoods or developments. In any case, it is crucial for both parties to carefully review the contract, seeking legal advice if necessary, to ensure that all essential aspects of the sale are properly addressed and that both parties' rights and obligations are adequately protected.
