Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract - Ohio 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the property address in the designated field at the top of the form.
  3. Fill in the purchase price of the property in the first section, ensuring accuracy as this is crucial for both parties.
  4. Next, specify the interest rate charged under the contract. If it's variable, provide an estimate of potential changes.
  5. In the following field, indicate either the total dollar amount of interest charged over the term or an estimate if applicable.
  6. Complete the total amount of principal and interest to be paid under the contract in its respective section.
  7. If there are any late charges that may apply, detail them clearly in the next field.
  8. Finally, confirm that no prepayment penalty will be charged if full payment is made before due dates.
  9. Ensure all signatures are collected from both seller and purchaser along with printed names and dates at the bottom of the form.

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With land contracts, sellers retain the property title until you complete all payments, while seller financing typically transfers the title immediately despite the seller acting as your lender.
A sellers disclosure is a real estate document that provides details about a propertys condition and how it might negatively impact the value of the home. It is often required by law, though what it needs to contain can vary by state and locality.
This form is required by Ohio Revised Code Section 5302.30. PROFESSIONAL INSPECTION(S). Owners Statement: The statements contained in this form are made by the owner and are not the statements of the owners agent or subagent.
While specific disclosures are dependent on state and local law, sellers are typically required to list any completed repairs, information about natural hazards, property defects, missing essentials, land-use limitations, HOA guidance, deaths on the property, and any other conditions that might negatively impact the
If it can be proven that the owner knew about a problem and failed to disclose it on the required form, you might be able to hold them responsible for paying for the repair. If the seller and/or their realtor intentionally defrauded you, you can seek damages amounting to double the cost of repairs.

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People also ask

Can the sellers agent or real estate broker complete the Property Condition Disclosure Statement? No. The seller is required to complete the PCDS based on the sellers actual knowledge.
Ohio law requires owners of residential real estate (1-4 family) to complete and provide to the buyer a Residential Property Disclosure Form disclosing certain conditions and information concerning the property known by the owner.

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