When does a real estate sales contract actually end?Our home was under contract for well over 70 days while we waited for the buyer to secure USDA RD financing. The original closing date came and went. We granted a 5 day extension due to assurances that a final decision would be back any day. Sure enough, the buyer did indeed get a decision from USDA--NOT APPROVED. The extended closing date came and went and we prepared to move on to a new buyer.Now my Realtor tells me that we need to get the original buyer to sign a release from the contract. This makes no sense to me--why do contracts have expiration dates if you still need a release to get out after the expiration date?Some additional facts that may assist with an answer--we live in the state of Ohio. The contract included the "time is of the essence" terminology.So--Is a release really required to get completely free and clear of these buyers?March 31 2014 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.