Oregon Real Estate Contract for Sale - Cash or Seller Financing
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Real Estate Contract for Sale - Cash or Seller Financing
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The Residential Real Estate Sale Contract form can be used by a buyer and a seller of a free-standing residential home. The Agreement provides for the traditional terms between a seller and buyer, including financing contingencies, surveys, pest and other inspections, title matters and more. This agreement is for transactions that do not involve a Broker and where the Buyer is either paying cash or the Seller is financing the purchase with a promissory note, secured by deed of trust or a first mortgage.
This attorney-prepared packet contains:
- Instructions and Checklist for OregonResidential Real Estate Sale Contract (with cash sale or seller financing)
- Information about Oregon Residential Real Estate Sale Contract (with cash sale or seller financing)
- Oregon Residential Real Estate Sale Contract (including Earnest Money Receipt)
- Required Megan's Law Notice
- Disclosure Of Information On Lead-Based Paint and/or Lead-Based Paint Hazards
Oregon Real Estate Contract for Sale - Cash or Seller Financing
Product Details
| Product | Oregon Real Estate Contract for Sale - Cash or Seller Financing |
| Country | United States |
| Pages | 23 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Cash or Seller Financing Real Estate Sale Contract |
| Product number | #20916 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
The Oregon Real Estate Contract for Sale serves to formalize the terms of a real estate transaction between a buyer and seller. It outlines the payment method, contingencies, and legal obligations of both parties.
This contract is specifically designed for transactions that do not involve a broker. If a broker is involved, a different type of agreement may be more appropriate.
The contract includes contingencies that address financing issues. If the buyer cannot secure financing as outlined in the agreement, they may have the option to terminate the contract without penalty.
Yes, this contract is prepared to comply with the laws of Oregon, ensuring that all necessary legal requirements are met for residential real estate transactions.
The contract includes essential disclosures such as the Megan's Law Notice and information regarding lead-based paint hazards, ensuring that buyers are informed about potential risks associated with the property.
Is This Form Right For You?
Use This Form If:
- Individuals who are purchasing a residential property without the involvement of a real estate broker may find this contract essential. It clearly outlines the terms of the sale, including payment methods and contingencies, ensuring both parties are protected.
- Situations requiring seller financing often necessitate a detailed written agreement. This contract allows sellers to finance the purchase directly, providing a structured repayment plan while ensuring compliance with Oregon law.
- For those looking to document the sale of a home with specific conditions, this contract serves as a comprehensive tool. It includes provisions for inspections and disclosures, which are critical for maintaining transparency between the buyer and seller.
- Buyers who are paying cash for a home can utilize this contract to formalize their purchase. It provides a clear framework for the transaction, detailing the responsibilities of both parties and ensuring all necessary legal disclosures are made.
- Real estate investors seeking to acquire properties without traditional financing methods will benefit from this contract. It allows for flexibility in payment arrangements while ensuring all legal requirements are met.
Do Not Use If:
- โ This form is not appropriate for transactions involving a licensed real estate broker. If a broker is part of the sale, a different contract that includes their terms and conditions should be used.
- โ If the buyer is seeking traditional bank financing, this contract may not be suitable. In such cases, a more comprehensive agreement that addresses lender requirements would be necessary.
- โ For properties that require extensive repairs or are being sold 'as-is', this contract may not adequately address the complexities involved. A specialized agreement that outlines the condition of the property would be more appropriate.
- โ In situations where the buyer and seller have negotiated terms that differ significantly from standard practices, this contract may not capture those unique conditions. Custom agreements should be drafted to reflect specific needs.
- โ If the transaction involves multiple buyers or sellers, this form may not be suitable. A multi-party agreement would be needed to ensure that all parties' interests are adequately represented.
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Product Laws
Real Estate Laws - Oregon
State Law Website: www.landru.leg.state.or.us/ors/
State Real Estate Disclosure Laws: Sellerโs Property Disclosure Statement. (Oregon Revised Statutes, Section 10- 105.462).
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