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State Of Ohio Home Purchase Agreement

April 12, 2021 1:56 pm Published by Leave your thoughts

Lead-Based Paint Disclosure – Transmits information to buyers about the toxic paint that may have been used on a property. Homeowners built before 1978 must make this disclosure available to buyers before signing a sales contract. Residential Real Estate Disclosure Form (No. 5302.30) – When selling a residential property, the owner must describe the condition of his property on the basis of this disclosure statement. The completed document must be given to the buyer before a sales contract is signed. If the buyer has not yet received disclosure at the conclusion of the contract, he may fall back from his offer and cancel the purchase. Please note that the advertising requirement does not apply in the circumstances set out in the provisions of Directive 5302.30 (B) (2). The contract to purchase residential real estate in Ohio (“residential real estate purchase agreement”) is a contract used for the purchase of real estate when granting an offer. The agreement opens the negotiation process by indicating the buyer`s offer for the acquisition of the property.

The contract to purchase and sell residential real estate in Ohio is a document used when purchasing real estate by a licensed real estate owner or real estate agent. To begin the process, a potential buyer will describe the terms of his offer in the agreement and deliver it to the seller for evaluation. The information in the document relates to the purchase price, serious money, inspection procedures, financing conditions and necessary disclosure statements (see “Related Information” below to obtain information on the information needed in Ohio). The seller can then modify the proposal by a counter-offer, unless he accepts the initial offer as it is. If both parties agree to the terms and sign the contract before the contract expires, the document will be completed and legally binding. The Ohio Real Estate Purchase Contract defines the obligations of the seller and buyer. It is a legally binding document for the purchase of real estate of any kind. Read the contract carefully and let your lawyer check before you sign it. All terms of purchase must be clear and specific for you, so there will be no surprises after you have reached the agreement.

This document is 4 pages long. They are all dedicated to different aspects of the agreement. If you are satisfied with the terms and price and have received legal advice, you can put your name and signature on page 4. In Ohio, sellers are required to enter into a real estate purchase agreement and the following disclosure statement so that they can be considered legally binding: the offer includes the purchase price and the additional conditions set by the buyer. The seller is given a deadline to respond to the offer before it expires. During this period, the seller can change the conditions by making a counter-offer to the buyer. If the two parties agree on the terms of purchase, they can sign the document in order to create a legally binding obligation to transfer ownership of the property. Disclosure of Residential Real Estate (No. 5302.30) – State statutes require that a disclosure form be filled out listing all known problems that the property may submit to a buyer. The document gives the current owner the opportunity to explain problems with the structure of the house, environmental situations or limited property rights. The information provided is what the owner is known before the sale in the house and does not require the seller to obtain a professional inspection at his own expense.


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This post was written by zekejackson@hotmail.com

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FULL FINANCING EXPLANATION

To go through us for financing you must thoroughly fill out an application with us first which cost a $25 none-refundable fee. You can pay this fee at our location by cash, or over the phone by credit or debit card, or mail in cash. The application only takes about 15 minutes at most to fill out. You can come into our office or we can fax or email the application to you if you like. You can fax or email the application back to us if you like. Fax is 817-535-1111, email is zekejackson@hotmail.com. You must submit your application with $25, and a copy of your current Driver license or current State Identification only. There are no guarantees of what the lender or lenders will say.

Within 4 hours of receiving your application, the $25 application fee, and a copy of your driver license or ID, we will call and let you know what our lenders say. We submit your application to several different lenders who specialize in people with bad credit etc. Our lenders do not care about bad credit, repos, or bankruptcy and most people are approved through one of our lenders.

Once you are approved, in most cases you will be required to pay 10% down-payment; get full-coverage insurance for everybody who will be driving the vehicle; be able to prove your income; prove your current residence; and submit five personal references. Once you are approved, you must have driver’s license or ID, you must prove your income, you must prove your residence, and you must have at least 5 personal references.

Also, when you are approved, if you do not have all of the down-payment, most of the time you can put the vehicle on our none-refundable lay-away plan by paying half of the down-payment and we will hold the vehicle for you until you can come up with the other half (in the mean time you can be gathering the other documents and proofs stated above). Bad credit, repos, bankruptcies are usually not a problem.

Also, if you want your personal bank, personal credit union, or personal financial institution to finance it for you, we can do that as well. Under these scenarios, your personal financial institution and you will agree upon a down-payment and what the monthly payments will be etc.

Or you can pay cash and you do not need to do any of the above or have any of the above items. If you want to pay cash for the vehicle we are somewhat negotiable. Also, we will do 3 months same as cash and other negotiable terms if you are trying to get a vehicle on a cash basis.

But, if you want financing through our lenders, again the first step is to submit your thoroughly completed application, your Driver’s License or Identification, and a none-refundable $25 application fee, and you will have your answers within 4 hours or sooner.

Serious buyers only. Stop by anytime. We can set up an appointment anytime; we are available for appointments Monday-Saturday 10:00am to 7:00pm and Sundays from about 11:00 am until about 7:00 pm by appointment only. If you would like to come today, just let us know.

DR. ZEKE’S AUTO SALES
2200 ADEN ROAD (WEST SIDE OF FORT WORTH)
Fort Worth, Texas 76116

817-535-1111