← 26931 Shoreview Ave, Euclid, OH 44132 · All properties

Purchase Contract - 26931 Shoreview Ave, Euclid, OH 44132.pdf

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

dotloop signature dotloop signature verification: verification: dtlp.us/ZYwe-c0lK-RY9D dtlp.us/BLDZ-pKeU-UB73 dtlp.us/HUxA-IdVd-3pHY dtlp.us/LJWF-aWVs-mlKx dtlp.us/7tC4-2coW-znYX Residential Real Estate Purchase Contract Ohio REALTORS® – Copyright © 2025 This document has been prepared by Ohio REALTORS® and is for the use of its members only. 1 General Definitions and Terms: The following terms used in this purchase contract are defined as follows: 2 “Buyer” includes all persons/entities identif

Text Preview

dotloop signature
dotloop
signature verification:
verification: dtlp.us/ZYwe-c0lK-RY9D
dtlp.us/BLDZ-pKeU-UB73
dtlp.us/HUxA-IdVd-3pHY
dtlp.us/LJWF-aWVs-mlKx
dtlp.us/7tC4-2coW-znYX

Residential Real Estate Purchase Contract
Ohio REALTORS® – Copyright © 2025
This document has been prepared by Ohio REALTORS® and is for the use of its members only.
1

General Definitions and Terms: The following terms used in this purchase contract are defined as follows:

2

“Buyer” includes all persons/entities identified in the Contract as purchasing the Property.

3

“Seller” includes all persons/entities identified in the Contract as selling the Property.

4

“Parties” includes both Buyer and Seller identified in the Contract.

5

“Contract” includes this agreement and any addenda and amendments agreed upon in writing by all Parties.

6
7

“Property” is the real property described below, including all rights, title, interests, appurtenances, buildings, improvements, and fixtures owned by
the Seller except as provided otherwise in this Contract.

8
9

“Broker” includes without limitation, the brokerage(s) and any affiliated brokers and agents involved in this transaction and shall include both the
Seller’s Broker and the Buyer’s Broker unless provided otherwise.

10

“Days” means calendar day(s), including holidays. Any reference to date and time shall be the U.S. Eastern Time Zone in Ohio.

11
12

“Date of Acceptance” of this Contract, or any counteroffers, amendments, or modifications thereto shall be when the final writing is executed by
all necessary Parties and is delivered to the offering party or their Broker.

13

“Day(s) after Acceptance” starts at 12:01 am the first day following the Date of Acceptance.

14

“EMD” means an Earnest Money Deposit paid by the Buyer.

15
16

1. Offer. The undersigned Buyer offers to purchase from Seller the Property described below on the terms contained in this offer. On the Date of
Acceptance, this offer shall become a legally binding Contract.

17

Property: 26931 Shoreview Avenue, Euclid, OH 44132
Street Address

City/Village/Township

County

State

Zip

19

645-28-101
Parcel I.D. No.(s) _____________________________________________________________________________________________________
SHOREVW#2 0285 ALL
Further described as 20
__________________________________________________________________________________________________

20

Purchase price shall be 110,000.00
$____________________________________________________________ in USD.

21

2. Form of Payment: Buyer shall select and initial one of the following:

22

2.A. ____/____ (Initial here) Cash. Buyer will pay the purchase price in cash at closing and agrees this Contract is not contingent on financing.

23
24
25
26
27
28

Within _____ days (3 days if left blank) after the Date of Acceptance of this Contract, Buyer shall deliver to Seller or Seller’s Broker evidence
reasonably satisfactory to Seller, that there are readily available liquid funds necessary to complete this transaction. If Buyer does not deliver such
evidence within the time period indicated above, or the evidence provided is not satisfactory to Seller, Seller may terminate this Contract by delivering
written notice to Buyer or Buyer’s Broker. Seller’s failure to deliver the written notice of termination within 3 days of receipt of the evidence or
10 days after the Date of Acceptance of the Contract, whichever occurs first, shall constitute a waiver of Seller’s right to terminate pursuant to
this provision.

29
30

2.B. _____ /_____ (Initial here) Financing. This Contract is contingent upon Buyer obtaining financing for the purchase of the Property, subject to
the below provisions.

31
32
33

Loan Application: Within _____ days, (7 days if left blank) after the Date of Acceptance of this Contract, Buyer shall make formal application for a
Hard Money
____Conventional _____FHA, _____VA _____USDA ___Other (specify type) __________________
loan and pay any fees required at the time of
application, including appraisal.

34
35

Buyer shall provide Seller or Seller’s Broker in writing with the name of the selected lender, and if requested, the “intent to proceed” notice. Buyer
shall act in good faith and with reasonable diligence to acquire loan approval by:

18

36
37
38
39
40

PP

02/21/26
9:07 AM HST
dotloop verified

•
•

Providing all necessary information and documentation to the lender during the mortgage loan application and approval process in a timely
manner; and
Maintaining Buyer’s credit in good standing and funds to close.

Additional financing terms and conditions (i.e., down payment amount, loan terms, loan to value ratio, etc.) _______________________________
____________________________________________________________________________________________________________________

Copyright 2025 by Ohio REALTORS®

Residential Real Estate Purchase Contract (v2.12.12) Page 1 of 10

dotloop signature
dotloop
signature verification:
verification: dtlp.us/ZYwe-c0lK-RY9D
dtlp.us/BLDZ-pKeU-UB73
dtlp.us/HUxA-IdVd-3pHY
dtlp.us/LJWF-aWVs-mlKx
dtlp.us/7tC4-2coW-znYX

41
42
43

Loan Commitment: The Loan Commitment shall state that the lender will provide financing for the purchase of the Property, subject to conditions
and qualifications imposed at the lender’s discretion (“Loan Commitment”). Buyer shall obtain a Loan Commitment within _____ days (45 days if
left blank) of the Date of Acceptance of this Contract (“Loan Commitment Period”).

44

Buyer shall deliver one of the following to Seller or Seller’s Broker by the end of the Loan Commitment Period:

45

1. Written notice from the lender of Loan Commitment (with or without conditions); OR

46
47
48

2. Written notice from the lender of the loan denial and notice of termination of the Contract. If provided by the end of the Loan Commitment
Period, the EMD shall be disbursed pursuant to Paragraph 6 (Earnest Money). Buyer’s failure to deliver this notice of loan denial and
termination shall constitute a waiver of Buyer’s right to terminate this Contract for loan denial.

49
50
51

If Buyer fails to deliver either notice to Seller or Seller’s Broker by the end of the Loan Commitment Period, Seller may terminate this Contract by
delivering notice of termination to Buyer or Buyer’s Broker within 3 days after the expiration of the Loan Commitment Period. Any EMD received
shall be disbursed pursuant to Paragraph 6 (Earnest Money).

52

2.C. ____ / ____ (Initial here) Other Financing (Specify type and attach addendum, if necessary) _______________________________________

53

____________________________________________________________________________________________________________________

54
55
56

2.D. Change in Funding. Any change in the source or amount of Buyer’s funding must be agreed upon in writing and signed by both Parties, unless
the change does not impose additional obligations on Seller and does not impact Buyer’s compliance with the dates set forth in this Contract. If
Seller consent is required, such consent shall not be unreasonably withheld.

57
58
59
60
61

3. Appraisal Contingency. This Contract ____ is ____ is not contingent upon the Property being appraised by a licensed appraiser at no less than
the purchase price. If the Property appraises at less than the purchase price, Buyer may terminate this Contract by delivering written notice and a
copy of the appraisal to Seller or Seller’s Broker no later than 5 days from Buyer’s receipt of the appraisal. The Parties may, at the Parties’ option,
use the applicable time period to reach a written agreement as a result of the appraisal. Failure by Buyer to terminate this Contract within the
applicable time period constitutes a waiver of this contingency. If neither option is checked, this section does not apply.

62
63

4. Real Property Closing and Sale Contingency: Buyer’s ability to finance this purchase and/or perform the terms of this Contract is contingent on:
(If applicable, check one)

64
65

___ The closing of real property owned by Buyer and located at _______________________________ which is currently under contract.
Buyer shall provide written notification to Seller if the pending contract is terminated.

66
67

___ The sale and closing of real property owned by Buyer which is not currently under contract. The Parties agree to the terms in the
attached Real Property Sale Contingency Addendum.

68

If neither option is checked, this section does not apply.

69
70
71
72

5. Settlement Charges: Seller agrees to pay actual settlement charges incurred by Buyer, including but not limited to, discount points, closing costs,
documented pre-paids, lender’s policy of title insurance, and any other fees allowed by Buyer’s lender in an amount not to exceed $___________
or ________% of the purchase price. If no amount is entered, the amount shall be zero. This paragraph does not apply to the cost of an owner’s
policy of title insurance as pursuant to Paragraph 17 (Title Search and Insurance).

73
74
75
76
77

6. Earnest Money: No later than 4__________days (3 days if left blank) after the Date of Acceptance, Buyer shall deliver an EMD in the amount of
1,000.00
$_______________, (if no amount of money is inserted, this section does not apply.) which shall be held by the following third party
Golden Eagle Title
_________________________________ (the “Holder”). If a third party other than an Ohio broker is designated to hold the EMD, the parties agree
to execute any escrow agreement required by the Holder, the terms of which may supplement, but not conflict with this Paragraph 6 (Earnest
Money).

78
79
80
81

Within 5 days after the EMD deadline indicated above, Buyer or Buyer’s Broker shall provide written confirmation to Seller or Seller’s Broker that
Buyer has made the EMD by the date required. If such confirmation is not received by this date, Seller may terminate this Contract by delivering
written notice of termination to Buyer or Buyer’s Broker within 3 days after the confirmation of the EMD was required or at any time thereafter prior
to receiving confirmation that the EMD has been made.

82
83
84

The EMD shall be deposited in the Holder’s trust account. Unless agreed otherwise by the Parties in writing, the EMD shall be disbursed at closing
by the Holder in one of the following ways: returned to Buyer, applied to the purchase price, or if held by a Broker, retained by Broker and credited
toward Broker’s commission.

85
86
87
88
89
90

If this transaction fails to close, the EMD shall be disbursed in accordance with written instructions signed by all Parties to the Contract. In the event
of a dispute between Seller and Buyer regarding the disbursement of the EMD, the Holder shall maintain such funds in its trust account until the
Holder receives (a) written instructions signed by the Parties specifying how the EMD is to be disbursed or (b) a final court order that specifies to
whom the EMD is to be awarded. If within two years from the date the EMD was deposited in the Holder’s trust account, the Parties have not
provided the Holder with such signed instructions or written notice that such legal action to resolve the dispute has been filed, the Holder shall
return the EMD to Buyer with no further notice to Seller.

91
92

7. Fixtures and Equipment: The Property shall include all improvements and fixtures now located on the Property and owned by Seller. Fixtures
shall include, but are not limited to the following affixed items (if present):
93

• Appliances (built-in)
Copyright 2025 by Ohio REALTORS®

94

• Awnings

95

• Basketball pole, backboard, and hoop

Residential Real Estate Purchase Contract (v2.12.12) Page 2 of 10