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Ohio Purchase Agreement

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Vacant Land Purchase Agreement

This agreement is for the purchase of vacant land and related terms, conditions, disclosures, and acceptance.

1. Buyer The undersigned offers to buy the

2. Property located at

3. City , Ohio, Zip

4. Permanent Parcel No. , and further described as being:

5-10. Additional property terms and exclusions:

11. Secondary Offer a secondary offer.

This secondary offer, if applicable, will become a primary offer upon Buyer’s receipt of a signed copy of the release of the primary offer on or before .

Buyer’s receipt of said copy of the release of the primary offer by delivering written notice to the Seller or the Seller’s agent. Buyer shall deposit earnest money within four (4) days of becoming the primary offer.

16. Price Buyer shall pay the sum of $

Payable as follows:

Earnest money paid to Broker will be deposited in a non-interest bearing trust account and credited against purchase price.

$ to be deposited immediately upon the formation of a binding AGREEMENT.

$ Note to be redeemed within four (4) days after formation of a binding AGREEMENT, as defined below on lines 199-206

Cash to be deposited in escrow $

Mortgage loan to be obtained by Buyer $

31. Financing Buyer shall make a written application for the above mortgage loan within days after inspection contingencies are released and shall obtain a commitment for that loan on or about , if applicable.

If, despite Buyer’s good faith efforts, that commitment has not been obtained, then this AGREEMENT shall be null and void.

NOTE: In the event of a dispute between Seller and Buyer over the return or forfeiture of earnest money held in escrow by a Broker, the Broker is required by state law to retain said funds in the Broker’s trust or escrow account until a written release from the parties consenting to its disposition has been obtained or until disbursement is ordered by a court of competent jurisdiction.

40. Closing All funds and documents necessary for the completion of this transaction shall be placed in escrow with the lending institution or title company on or before , , and title shall be transferred on or about .

Property Address

43. Possession Seller shall deliver possession to Buyer on at , provided the title has transferred.

45. Title Seller shall convey a marketable title to Buyer by general warranty deed and/or fiduciary deed, if required.

Owner’s Fee Policy of Title Insurance from in the amount of the purchase price.

Proposed taxes or assessments, public or private, except the following:

68. Agricultural Tax Recoupment (C.A.U.V.) agrees to pay the amount of such recoupment.

70. Charges / Escrow Instructions

Seller shall pay through escrow and related costs, including transfer tax, discharge of liens, title exam, prorations, commissions, and other costs.

Other costs / notes:

Escrow agent shall withhold $ from the proceeds due Seller for the Seller’s final water and sewer bills.

Buyer shall pay through escrow:

89. Inspection

This AGREEMENT shall be subject to the following inspection(s) by a qualified inspector of Buyer’s choice within the specified number of days from formation of binding AGREEMENT.

Choice Inspection

Water Potability: contingent upon Buyer obtaining satisfactory evidence and knowledge that potable water can be found at the subject property within days.

Sewer Permit: contingent upon Buyer obtaining a septic system installation permit within days.

Regulations, Bylaws, and Restrictions: Seller agrees to deliver a copy of the Association Regulations within days and Buyer will accept or reject within days.

Soil Tests: within days and accepted or rejected within days.

Environmental Inspections: within days.

Title, Zoning and Usage: within days.

Other:

Describe other inspection or contingency:

Buyer initials to waive inspections:

170. Megan’s Law Seller warrants disclosure of all notices received pursuant to Ohio’s sex offender law. Buyer acknowledges responsibility to inquire locally.

176. Condition of Property Buyer has examined the property and agrees that the property is being purchased in its “AS IS” present physical condition.

Buyer received a copy of the Vacant Land Property Disclosure Form.

Seller signed on and Buyer’s review/approval within days from receipt.

189. Representations and Disclaimers

Please list any and all verbal representations made by Broker or its agents that you relied upon when purchasing this property (if none, write “none”).

199. Binding Agreement This offer and any addenda shall become a legally binding agreement upon written acceptance.

207. Addenda

Buyer



Buyer



Deposit Receipt

Receipt is hereby acknowledged of $ earnest money.

By: Office: Phone:

Acceptance Seller

Seller accepts the above offer and irrevocably instructs the escrow agent to pay from Seller’s escrow funds a commission of percent (%) of the purchase price to (Broker)

Address:

Seller agrees to pay through escrow, a $395.00 fixed fee commission to CENTURY 21 Premiere Properties.

and percent (%) purchase price to (Broker)

Address:





Multiple Listing Information (for MLS use only)

Listing Agent Name License Number

Listing Broker Name Office Number

Selling Agent Name License Number

Selling Broker Name Office Number

Enter text✕

What the Ohio Purchase Agreement Is and when it applies

The Ohio Purchase Agreement is a legally binding contract that documents the sale of real property in Ohio, establishing the seller's and buyer's obligations, purchase price, contingencies, and closing terms. It integrates key items such as the legal property description, earnest money, financing and inspection contingencies, closing date, and title/escrow instructions. Parties should ensure clear, complete information to avoid title defects, recording delays, or disputes; when executed properly and recorded it becomes part of the public land record and governs transfer of ownership.

Why a clear Ohio Purchase Agreement matters

A complete Ohio Purchase Agreement reduces ambiguity about price, contingencies, and closing logistics, limiting dispute risk and clarifying remedies for breach. Properly drafted terms speed title review and recording while protecting earnest money and allocation of closing costs between buyer and seller.

Why a clear Ohio Purchase Agreement matters

Who typically prepares or signs this agreement

Professionals and private parties use this agreement for residential and commercial real estate transactions in Ohio.

  • Real estate brokers and agents who prepare offers and coordinate contingencies and escrow instructions.
  • Buyers and sellers — individuals or entity representatives who negotiate price, inspections, and closing conditions.
  • Title companies and closing agents who verify legal descriptions, handle escrow, and record deeds.

Each participant has distinct responsibilities: agents draft and present terms, buyers confirm financing, and title/closing agents ensure recording and disbursement at closing.

Primary signer roles and typical authority

Buyer — Individual

A buyer who is a natural person must sign using the exact legal name shown on government ID; if financing is involved, the buyer must satisfy lender conditions before closing and execute any lender-required documents.

Seller — Authorized Rep

A seller who is an entity must sign through an authorized officer or agent; documentation of authority (corporate resolution or power of attorney) should be attached to prevent post-closing title challenges.

Step-by-step: completing an Ohio Purchase Agreement

Follow these sequential steps to prepare a complete, enforceable agreement and minimize closing delays.

  • 01
    1. Gather documents: Obtain deed, title report, and ID for parties.
  • 02
    2. Draft terms: Set price, contingencies, closing date, and prorations.
  • 03
    3. Deposit earnest money: Deliver funds per contract and escrow instructions.
  • 04
    4. Coordinate closing: Arrange title, financing, payoff, and recording.

How electronic completion and routing works

Electronic workflows streamline signature capture, routing, and delivery while preserving an audit trail for each action.

  • Upload: Upload the purchase agreement PDF or DOCX to the eSignature platform.
  • Tag fields: Place signature, initial, date, and attachment fields where required.
  • Add signers: Enter signer emails and set signing order or parallel signing.
  • Send and track: Platform sends invites, captures signatures, and stores audit trail.

Recommended workflow settings for an Ohio Purchase Agreement

Use these workflow settings to ensure correct signer order, authentication, and document completeness.

Field Configuration
Signature Require per-party signature field; date stamp enabled
Initials Place initials on each page with mandatory completion
Attachments Require title commitment and proof of authority as attachments
Authentication Use email plus SMS code for buyer or lender signers

Platforms and integrations that support the process

Choose a platform that supports PDF/DOCX, audit trails, and common integrations used by your title or closing agent.

  • Core formats: PDF and Word DOCX supported
  • Key integrations: Salesforce, NetSuite, Microsoft 365, Google Workspace
  • Security features: TLS 1.2/1.3 and AES-256 encryption

Confirm the platform supports notarization workflows if remote or in-person notarization is required, and that audit logs meet your recordkeeping standards.

Common deadlines and timeline elements to include

Explicit deadlines keep both parties aligned and protect contingencies; include inspection, financing, and closing deadlines when drafting the agreement.

Offer Expiration:

Specify date/time when the seller may reject unsigned offers

Inspection Period:

State number of days for inspections and repair negotiations

Financing Contingency:

Set deadline for loan approval or buyer termination rights

Closing Date:

Enter MM/DD/YYYY for deed transfer and escrow closing

Recording Deadline:

Include expected recording date and responsibility for fees

Key transaction milestones from offer to recording

A sequential milestones view clarifies responsibilities at each stage and highlights dates that trigger contingency rights.

01

Offer Accepted

Contract becomes binding subject to contingencies and earnest money deposit.

02

Inspections Complete

Buyer completes inspections and negotiates repairs or credits.

03

Loan Approval

Buyer secures financing or invokes financing contingency rights.

04

Closing & Recording

Parties sign closing documents; deed recorded and funds disbursed.

Common preparation errors to avoid

  • Incomplete legal description leading to title or recording rejection and potential re-drafting.
  • Incorrect party names or entity details that delay mortgage funding and require corrective deeds.
  • Vague contingency language that creates disputes about inspection or financing withdrawal rights.
  • Missing escrow instructions or unclear earnest money terms causing disputes at closing.

Consequences of errors or omissions in the agreement

Title defects: Costly litigation
Earnest money dispute: Loss or litigation risk
Financing failure: Contract rescission or breach claim
Recording delay: Clouded ownership
Incorrect signatures: Unenforceable terms
Missing authority: Voidable transfer

Essential sections to include in a professional Ohio Purchase Agreement

A comprehensive agreement groups terms into clear sections so all parties and the closing agent can verify obligations, deadlines, and required attachments.

Parties

Full legal names and entity designations for buyer and seller with signatory authority documented.

Property

Complete legal description, address, and any included personal property or fixtures.

Price & Payment

Purchase price, earnest money, financing sources, and prorations for taxes and utilities.

Contingencies

Inspection, title, financing, and appraisal contingencies with explicit deadlines and remedies.

Closing Logistics

Closing date, escrow agent, title company, required deliverables, and expense allocation.

Miscellaneous

Governing law, dispute resolution, assignment, and disclosures required by Ohio law.

Real-world examples of digital completion for purchase agreements

These examples show how local brokerages and closing agents use electronic workflows to execute purchase agreements more reliably.

Martin Properties

A mid-size brokerage moved closings online to reduce in-person steps and speeding turnarounds.

  • Implemented mobile signing for agents and clients.
  • Tim Martin, Founder, said: I can process and execute all of these documents online with 100% compliance and built-in security, enabling faster closings without sacrificing record integrity.

Optica Ventures LLC

A real estate investor standardized purchase templates to reduce review time and close offers quickly.

  • Used templated contingencies and signature sequencing.
  • Brian Fitzgibbons, COO, noted the interface is simple for the team and customers, helping avoid errors and improving turnaround on submitted offers.

eSignature vendor comparison for executing Ohio Purchase Agreements

Compare baseline pricing and key capabilities for electronic signature vendors commonly used to execute purchase agreements; signNow is listed first per data sources.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies Varies Varies Varies
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies Varies Varies

Practical tips to ensure an accurate, enforceable agreement

Implement these practices to reduce errors, speed closings, and improve enforceability of the Ohio Purchase Agreement.

Use full legal names
Always use the exact legal names for parties and entities as shown on government IDs or formation documents; mismatched names can delay mortgage funding and create title defects, requiring corrective deeds or affidavits that increase time and cost.
Attach required exhibits
Attach the title commitment, surveys, HOA documents, and any seller disclosures to the agreement; missing exhibits delay underwriting and may invalidate certain representations if they are not incorporated into the contract.
Set firm deadlines
Define inspection, financing, and closing deadlines in MM/DD/YYYY format and state time zones if needed; clear deadlines limit disputes over when contingencies expire and when default remedies apply.
Confirm execution authority
For entity sellers or trustees, include evidence of signing authority (resolution or power of attorney) as an attachment to prevent post-closing title challenges and ensure escrow will accept the deed for recording.

Frequently asked questions about the Ohio Purchase Agreement

Answers to common questions about completion, enforceability, notarization, and electronic signature use for Ohio purchase transactions.


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