The property buying and selling process is not short on paperwork. With such a high volume of information involved, sometimes you need to be able to reference a quick summary. Seller’s Agents can use OREF 101 – Offer Summary, or C-555 in our Commercial Library,
If a buyer is purchasing a property that is currently being used as, has previously been used as, or will in the future be used as a rental – include OREF 070 – Investment Property Addendum in the transaction to allow the buyer to create
Not sure how to edit your Trust funds name in your file on Skyslope? View our tips and tricks here as well as more information provide from Skyslope All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for
Q: I need help understanding when to use different versions of the OREF Sale Agreements. Can you provide some insight? A: The OREF 000 Guide to Using OREF Residential Library Forms is a great resource for this question! Here is a quick summary of the
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The Closing Deadline in the OREF Sale Agreements is the final date by which closing must take place. Parties can opt to close earlier by notifying escrow. However, if an extension is necessary for any reason, such as accounting for a holiday, the parties must
Attention Zipform Users: Are you looking for training on how to utilize Zipforms platform better? We have you covered with the following tutorials available on our website: Purchase Example and Listing Example All comments and responses from OREF or its staff, managers, and volunteers are
Q: OREF 059 – Receipt of Reports/Removal of Contingencies was recently updated, allowing the seller to provide access to HOA documents on a website. Does this impact the seller’s responsibility to provide the documents requested? A: No, because website access simply offers another avenue for
Sellers should thoroughly review the Seller Representations section of the sale agreement. If any information is inaccurate, the seller should provide the necessary corrections in an addendum or counteroffer. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made
Q: What if a buyer is unable to obtain homeowners insurance on a property they are purchasing? A: The Insurance section of OREF Sale Agreements (for example, Section 9 of OREF 001 – Residential Sale Agreement) recommends that buyers promptly verify insurance availability and costs.