Summary of Real Estate Sales Package
This package includes essential legal forms specifically designed for the sale of residential real estate in Ohio. It addresses the legal requirements and processes involved in selling a home, ensuring that both buyers and sellers are protected and informed throughout the transaction. The package consists of various documents, including an offer to purchase, a contract of sale, and disclosure statements, all prepared by licensed attorneys and updated for 2025.
When this form is most appropriate
This package is typically used in the following scenarios:
- When a homeowner is ready to sell their residential property without a real estate broker.
- When a buyer wishes to make a formal offer on a house.
- When disclosure of property conditions is required by law.
- When both parties need a clear agreement outlining the terms of the sale.
Who benefits from using Real Estate Sales Package
This form is intended for:
- Homeowners looking to sell their residential property without a real estate broker.
- Prospective buyers interested in purchasing a home.
Sections you'll need to complete
The Ohio Real Estate Home Sales Package includes the following key components:
- Offer to Purchase: A preliminary document indicating a buyer's interest in purchasing the property.
- Contract for Sale: The main legal agreement detailing the terms of the sale, including price, conditions, and responsibilities.
- Seller's Disclosure: A form where the seller discloses known defects and issues with the property.
- Lead-Based Paint Disclosure: A required notice for homes built before 1978, informing buyers of potential lead hazards.
How to prepare the Real Estate Sales Package
Follow these steps to complete the forms:
- Identify the parties: Clearly state the names and contact information of the buyer and seller.
- Describe the property: Provide the address and any relevant details about the residential property being sold.
- Outline the offer: In the Offer to Purchase, specify the proposed purchase price and any contingencies.
- Complete the Contract for Sale: Fill in all necessary terms, including financing details, earnest money, and any conditions for closing.
- Fill out disclosures: Ensure the Seller's Disclosure and Lead-Based Paint Disclosure are completed accurately and provided to the buyer.
What to know about state compliance
This package is tailored to comply with Ohio's real estate laws. It includes specific forms and disclosures mandated by Ohio regulations, ensuring that both buyers and sellers meet the legal requirements for residential real estate transactions in the state.
Advantages of using this form online
Accessing the Ohio Real Estate Home Sales Package online offers several advantages:
- Convenience: Download and complete forms from the comfort of your home.
- Editability: Easily modify the forms as needed before finalizing.
- Legal reliability: Ensure you have the most up-to-date forms prepared by licensed attorneys.
