The Oregon purchase agreement expresses the finer points of a business transaction involving the purchase of real estate. The contract breaks down the particulars of the exchange, pinpointing the terms conditions to the sale to be signed upon approval by both parties. A segment within the form discusses the earnest money to be held prior to the closing of the transaction, along with various other contingencies and specifications.
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – Older homes built before 1978 require an added disclosure cautioning about the dangers involved with lead-based paint. The pamphlet provided will familiarize the buyer with the hazards presented by the paint and steps to take to avoid exposure.
Seller’s Property Disclosure Statement (105.464) – The seller is mandated by law to reveal any known flaws inherent in the sale property by filling the disclosure statement form and issuing a signed copy to the buyer. The buyer is additionally permitted to have an inspection performed on the residence at their own expense to better know the status of the dwelling’s condition.