in ohio. can i get out of real estate contract as the buyer?

UPDATED: Oct 2, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

UPDATED: Oct 2, 2022Fact Checked

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

in ohio. can i get out of real estate contract as the buyer?

thursday i put in offer to buy a house in ohio as a cash offer realtor calls me
and says offers accepted and we’re in contract. after some thought and talking to
previous owner and them telling me the house has issues and really needs torn
down i decided i no longer want to buy house. can i get out of contract?

Asked on August 30, 2019 under Real Estate Law, Ohio


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

Once you enter into the contract to buy the home, you can only get out of it if:
1) The seller committed fraud, by not disclosing material (or imporant) issues known to him, such as flooding/water infiltration or the presence of asbestos, significant mold, or a buried oil tank; or lied about something important concerning the property, like claiming it was on public sewer when it has a septic system.
2) The seller violates the agreement in some material or important way, like not being able to convey good title.
3) There is some clause or provision in the contract itself which allows you to terminate it in under certain circumstances, and you comply 100% with any requirements of that clause or provision.
Otherwise, you have to go through with the transaction. 

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption