The Ohio residential purchase and sale agreement is an agreement between a buyer and a seller that lays out the terms and conditions required to transfer ownership of a property. Once both parties agree to the conditions in the document, they may both sign it and legally transfer the property.

It should be noted that before the sale is complete, the seller must provide a disclosure document detailing the condition of the property including any know defects that may affect the buyer’s decision to purchase. If this disclosure statement is not provided, the seller may rescind their offer without facing any financial consequences.