Ohio Real Estate Contract & Forms for Selling Your Home


Selling a home in Ohio

Ohio became the first state to be included in the Union under the Northwest ordinance. Its name is an Iroquoian word that means “good river” which refers to the Ohio river. Part of the Great Lakes region, Ohio has 88 counties with a population of approximately 11.3 million.

Ohio’s real estate market is as diverse as its regions. The state offers a great selection of housing ranging from the modern single-family homes in gated communities to the 19th century farm houses and historic estates as well as lakefront residential properties. Ohio’s communities are a mix of the urban and rural America. Real estate in its major cities Columbus and Cleveland are of metropolitan-style that includes high-rise apartment complexes and contemporary town homes.

Guide to selling it fast

Contrary to what many homeowners believe, selling a home by yourself is actually not that difficult. If you aim for a speedy sale and thousands of dollars in savings, then selling by yourself is the right decision. Have that self-confidence and psyche yourself up that you can do it on your own.

How you stage your home is essential in attracting buyers. Focus on creating more space and removing clutter beginning in your front yard to all the rooms in your house including the attic. Thoroughly clean your home and repaint walls if necessary. Make your house smell fresh, too, to entice potential buyers when they come for a visit. Doing all these steps will surely provide a warm and comfortable ambience for visitors.

The next step to take is to market your home in as many ways as you can. Take photos of your home from the front yard to the different rooms and include them in your brochures or leaflets. Use them in your web site or in other sites where you wish to have your home listed. Remember that a picture speaks a thousand words. Tell your friends, neighbors, colleagues at work and other relatives about you home being put up for sale so they, too, can spread the word.

When you receive queries over the phone, reply to them as soon as possible. Buyers should not be kept waiting because they usually have several houses to consider in their search for a new home.

The real estate contract & other real estate forms

Home sellers in Ohio are required to provide their buyer with a residential property disclosure form. This document specified the condition of the home being sold as well as other pertinent information concerning the property as called for in the Ohio Revised Code. This, however, does not apply to residential houses that have never been sold.

Another disclosure form needed is that on lead based paint. As mandated by the Environmental Protection Agency and the Department of Housing and Urban Development, sellers must furnish their buyer with a lead paint disclosure form that contains information on preventing lead poisoning in homes with potential lead-based paint hazards. Along with this form is a Federal pamphlet that provides practical tips on identifying and controlling lead-based paint hazards.

After a potential buyer has reviewed the disclosure forms and has verbally agreed with the terms and conditions, he or she will present a purchase agreement to the seller. This document is also known as the purchase offer, sales agreement and real estate sales contract. Both parties are required to review the contract before signing it to avoid problems later. This sales form should be in writing and signed to be enforceable.

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