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ohio real estate purchase contract

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REAL ESTATE PURCHASE CONTRACT The undersigned Buyer agrees to buy and the undersigned Seller agrees to sell upon the terms hereinafter set forth in this Real Estate Purchase Contract this Contract the parcel of real property located in the State of Ohio County of consisting of approximately acres and any and all improvements located thereon the Property as described more particularly on Exhibit A attached hereto and made a part hereof. As used herein the Effective Date shall mean the date...
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, and a date that is after this Present Time but not earlier than the Effective Date. No sale can be made until this Contract is signed by the other Party and all documents duly executed, but not executed, by such other Party shall be deemed to have been executed by the Buyer until the contrary is proved and, unless otherwise agreed herein, this Agreement shall constitute an offer and acceptance by the Buyer of a price of $6,200,000.00 plus, if any, commission for the purchase of the Property for which this Contract and Exhibit A were executed. This Contract is executed hereunder by the Buyer and Seller as agents for the other and may be executed by them on behalf of the other, who may be the principal of or be acting for another and by them on their own behalf as principal or agent, which agent shall be designated by such other for the transaction of this Contract pursuant to its terms. The Buyer shall be deemed to be the owner of said Property and the Seller shall be deemed to be the true owner and holder of deeds of all real property, easements, rights of way and rights of way over such property within the State of Ohio. The Buyer hereby agrees that the Seller shall have full titles and powers, of right and title, to the Property pursuant to this Contract, and the right and title is hereby transferred to the Buyer in the form of a deed from the Buyer to the Seller. The Buyer agrees that no part of title to the Property shall be given or transferred, or assignable, or transferable, unless in writing consenting thereto shall have been given and such consent shall be executed in the same form. No fee or charge for the giving of consent nor the execution of its form shall be deemed to be fees or charges and shall be deemed to constitute a fee in the same manner as other fees or charges are deemed to be. The Buyer must give notice of its intent to sell to the Seller within thirty days from the Effective Date. On the Effective Date, the Seller shall deliver to the Buyer to the address indicated in Exhibit B, attached hereto, the deed, certificate of title or other proof of title thereto which the Seller is authorized by state law to produce. All notices must be delivered by certified mail, return receipt requested, or hand delivered to the foregoing address. NOTICE OF SALE AND ALL OTHER DOCUMENTS CONTAINING DUTIES OF THE SELLER AND THE PURCHASER OF THIS CONTRACT MUST BE SEEN AND H

Who needs this contract?

This is a contract for all parties interested in the sale and purchase of real estate in the State of Ohio. Both seller and buyer have to sign this contract once they agree upon the terms of the deal.

What is this contract for?

The Ohio real estate purchase contract sets the obligations for the seller and the buyer. It is a legally binding document for the purchase of any kind of real estate.

Is it accompanied by other forms?

If the general inspection of the property was held, the forms containing the inspection results should be attached to the contract. Also, the seller must provide release forms of hazardous materials founded on the property, such as oil and petroleum products, asbestos, polychlorinated biphenyl, radon and urea formaldehyde etc.

When is this contract due?

Once this contract is signed, the right to own the property will be transferred to the buyer. This right doesn’t have a due date, unless the new owner in his turn would like to transfer it to somebody else.

How do I fill out a real estate purchase contract?

Read the contract carefully and have your attorney look through it before you sign it. All the terms of purchase should be clear and specific to you, so there won’t be any surprises after you’ve closed the deal. There are 4 pages of this document. They are all dedicated to different aspects of the deal. If you are satisfied with the terms and the price, and you’ve received legal advice, you can put your name and signature on page 4.

Where do I send this contract?

Several copies should be signed in order to provide one copy for the seller, one for the buyer and other copies for tax issues. Copies of this contract should be kept by both parties.

Video instructions and help with filling out and completing ohio real estate purchase contract
Instructions and Help about oh real estate purchase form
I brought everybody Michael Walter from taking action today calm and in this video I want to show you how to fill out your purchase agreement for your properties that you've negotiated you're ready to buy and then you most likely are going to go ahead and wholesale these deals, so I'm going to walk you through the process of filling out the paperwork and then get it to the title company so here's your standard purchase and sales agreement made by in between we'll say Jo seller whose address is this is the home you're buying that's going to be one two three Megan Street Cleveland agrees to sell save Mike invest dork here and after called the buyer whose address is throw your address in there the real property described as the following put the physical address that's the 1-2-3 Main Street not for your purchase price let's say we negotiate this deal to $10,000 so right in 10,000 and spell it out as well earnest money buyer agrees to pay on our contract we put it 10 dollars as refundable earnest money to be applied towards a purchase price upon closing of the property earnest money to be held by the buyer or title company or closing agent, so that makes it pretty easy on our end down here we got property included in the purchase price you could put anything you negotiate in here with the seller I mean if they want to throw in a lot more you put that in here you know we have all the fixtures the fans appliances if we negotiate that anything the tool you agree to that's where you'll put that in their over here we have a few items we cover you know consult an attorney with any questions on the contract inspection properties being sold as is taxes this could go to whatever you negotiate check out public records see if there are taxes owed on it a lot of times you'll end up assuming them if you negotiate it a good enough deal just because the seller is distressed they want out so a lot of times you'll assume the text is closing on our contract we played that a buyer pays the closing cost same thing we negotiate a perfect deal on the front end, so we cover the cost to get it done go ahead and date the contract here's where Joe seller signs and then the buyer is Mike investor there now we have a solid contract here next we want to fill out our assignment a contract our contracts filled out we are searching for cash buyer to sell this contract they're going to bring all the money to the table including our assignment fee and cash us out so start out for valuable consideration the receipt and sufficiency of which is hereby acknowledged Mike investor hereby transfer and assign to will say cash investment group writes an interest that contract between Jo seller here you put the property description that's the one two three main street for the consideration of the sum of let's say we agreed to sell our contract for $2,500, so you put twenty-five hundred write it out as well 2,500 the assignment fee will be added to the overall purchase price of the property...
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