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Cincinnati board of realtors purchase contract 2025

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The document is a legally binding real estate purchase contract used by REALTORS® in the Cincinnati and Dayton areas. It outlines the terms of sale, including property description, purchase price, earnest money deposit, financing contingencies, appraisal requirements, inclusions/exclusions of sale, seller certifications, and closing procedures. The contract emphasizes the importance of understanding its terms and encourages parties to seek legal advice if needed.

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Click ‘Get Form’ to open the Cincinnati Board of Realtors Purchase Contract in the editor.
Begin by filling out the PROPERTY DESCRIPTION section. Enter the property address, county, state, and zip code accurately.
In the PURCHASE PRICE field, specify the amount you are offering for the property. Ensure this aligns with your financial capabilities.
Complete the EARNEST MONEY section by indicating the amount you will deposit upon acceptance of this contract. This shows your commitment to purchasing.
Select your intended use for the property (Owner-occupied, Rental, etc.) and provide any necessary financing details in the FINANCING CONTINGENCY section.
Review all sections carefully, including inclusions/exclusions of sale and certifications. Make sure all parties involved have initialed where required.
Once completed, utilize our platform's signing feature to electronically sign and distribute the document for further processing.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is offer the same as contract?

An offer letter is a short congratulatory note extending a job offer, while an employment contract is an extended written agreement setting out the terms and conditions of employment.

Is a purchase contract the same as an offer?

The important difference is that an offer hasnt been agreed upon yet. A signed purchase agreement also usually contains the terms of the sale, spelling out what is required for the sale to be completed and that both parties have agreed to. The terms include: Price.

How do I get out of a buyers realtor contract?

The easiest way out is to sit down with the real estate brokerage the realtor works for and discuss breaking the agreement. Many reputable brokerages who wish to keep a favorable relationship with your business will agree to peaceful contract termination.

Can someone back out of a purchase agreement?

In California, home buyers are generally able to back out of a purchase agreement during the contingency period without penalty. After all, thats the whole point of adding contingencies to a real estate contract. It gives the home buyer an exit strategy for unforeseen circumstances.

Can I write my own purchase agreement?

Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from PandaDoc, as well as benefiting from real estate contract management software functionality.

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At what point does an offer become a contract?

Until a seller signs a buyers written offer without making any changes and communicates that fact to the buyer (or buyer agent), no contract has been formed and the seller is free to consider and accept an offer from another buyer.

What is the difference between an offer and a purchase contract?

In conclusion, while a purchase offer is formal document through which a potential buyer makes an offer to a seller in order to secure a property, and it becomes legally binding for both parties only when it is accepted, the preliminary contract of sale is an official contract which has legal binding effects from its

Cincinnati board of realtors purchase contract 2025

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Got questions?

Is offer the same as contract?

Is a purchase contract the same as an offer?

How do I get out of a buyers realtor contract?

Can someone back out of a purchase agreement?

Can I write my own purchase agreement?

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At what point does an offer become a contract?

What is the difference between an offer and a purchase contract?

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