For Sale By Owner Resources
We have learned through experience how important a real estate broker or agent can be in facilitating the sale of real estate. We cannot replace a real estate broker or agent with respect to your transaction, and you should carefully consider proceeding without the assistance of a qualified real estate professional. However, if you choose to sell real estate through your own efforts, we will take all the necessary steps to insure your transaction runs as smooth as possible.
To sell your home in Ohio you will need the following forms completed by both seller and buyer.
Click on the links to download each form.
We are available to answer any questions you have about any of the forms or about your responsibilities and obligations.
Residential Property Disclosure Exemption Form – use only if listed exceptions apply
Lead Based Paint Disclosure Form – use only for homes built prior to 1978
Protect Your Family From Lead in Your Home Brochure – use only for homes built prior to 1978
TERMS AND CONDITIONS OF USE:
The data and documents on this website are for informational purposes only, and do not constitute professional advice or even purport to amount to opinion. Since every legal issue is different, suitable legal counsel should be consulted to advise on and resolve specific matters. The documents on this website are made available as guides only and you use them at your risk. This means that you accept that Mill Creek Title Agency, its officers, employees or agents, and the webmasters will not be liable in any respect concerning wording of the documents, or their interpretation, or any disputes which may arise from their use. All the data and documents provided are for individual personal use.
The Ohio Residential Property Disclosure Law (ORC Section 5302.30) requires the seller to complete the Residential Property Disclosure Form and indicate any known problems or defects regarding a variety of features and structural aspects of the home.
It is important to read each statement on the form carefully to ensure its meaning is understood.
The law requires the seller to present prospective buyers with the completed and signed form as soon as practicable or before an offer to purchase is made. The buyers must acknowledge receipt of the form by returning a signed and dated copy of the form back to the seller.
If the buyer makes an offer prior to receiving the form, the buyer has three (3) business days after the date on which the form is received to rescind the purchase contract. However, this rescission right must be exercised within 30 days from the date the Contract to Purchase was entered into or until closing, whichever occurs first. Also, if the seller never provides a disclosure form to a prospective buyer, the buyer has the right to rescind the purchase contract for 30 days from the date the Contract to Purchase was entered into or until closing, whichever comes first.
Whether the Property Disclosure Form, or an amended form, is given late or not provided at all, once the transaction closes, no rescission rights exist.
Also, there are exclusions to this law. Use the Residential Property Disclosure Exemption Form if any of the listed exemptions apply to the sale.
When buying or selling a home without the services of a real estate agent, both buyer and seller need to ensure the For Sale By Owner Purchase Agreement protects everyone’s interests.
This document is a sample purchase agreement. If executed by both parties it will become a binding legal contract. Do not execute until you understand each term, have completed the blanks, and have supplied all relevant information.
Each home sale has different variables. This sample purchase agreement may not protect your interests. Consult with us if you have questions.
Lead Based Paint Disclosure Form and Brochure
If the property being sold was built prior to 1978, the seller is required to provide the buyer with information on lead-based paint hazards.
The seller must provide the buyer with both the Lead Based Paint Disclosure Form and the Protect Your Family From Lead in Your Home Brochure.