Ashley Folse, Author at Oregon Real Estate Forms

Private Well Test Shows Safe Levels—Can the Buyer Still Back Out Over Trace Arsenic?

3 months ago in

Dear Forms Committee

Q: I represent the seller in the sale of a residential property that includes a well supplying groundwater for domestic purposes. In accordance with Oregon law, the seller has had the water quality tested for nitrates, arsenic, and total coliform bacteria. The test results show

Selling a Home with a Well? Test Early and Use Results for Up to a Year

3 months ago in

Tip of the Week

When listing a property for sale that includes a well supplying groundwater for domestic purposes, it’s a good idea to suggest the seller have the well water quality tested at the time the marketing of the property begins. OAR 333-061-0325(7) provides that the lab tests

Fence Encroachment & Section 18(f): Should Sellers Amend or Accept as Is?

3 months ago in

Dear Forms Committee

Q: My seller has just received an offer on their home. In reviewing the terms of the offer, the seller has a question about Section 18, Seller Representations. In reviewing items (a) – (g) the seller discovered that item (f) is inaccurate. They are aware

Before Accepting an Offer: Why You Should Revisit the Seller’s Disclosure

3 months ago in

Tip of the Week

When reviewing a newly received offer to purchase with a seller, it’s a good idea to take the time to also review the Seller’s Property Disclosure Statement to ensure that nothing needs to be updated before responding to the buyer’s offer. A statement that is

OREF 040 – Disclosed Limited Agency Agreement for Sellers + OREF 041 – Disclosed Limited Agency Agreement for Buyers

3 months ago in

Form of the Month

Using Disclosed Limited Agency forms (OREF 040 + OREF 041) offers clients transparency and confidence in knowing they are deciding whether they will authorize an agent to represent both parties in a transaction. They are valuable tools for maintaining trust and professionalism in dual agency

Strengthen Your Buyer’s Offer: Provide Proof of Funds & Pre-Approvals Up Front!

3 months ago in

Tip of the Week

To strengthen your buyer’s offer, always include as much information as possible along with the offer instead of merely relying on the options to provide the information later. This includes such items as verification of funds for cash offers and pre-approval letters for financed offers.

Cash Offers & Proof of Funds: What Meets the ‘Objectively Reasonable’ Standard?

3 months ago in

Dear Forms Committee

Q: I represent a seller who has received a cash offer. The buyer has indicated in Section 5 that they will provide the verification of funds within 3 business days of the Effective Date. The seller is concerned about taking their property off the

Day 9, No Response: How to Handle Silence on a Buyer’s Repair Addendum

4 months ago in

Dear Forms Committee

Q: I represent a homebuyer on an offer the seller has accepted. We agreed to the Licensed Professional Inspections section of OREF 001– Residential Real Estate Sale Agreement and are currently within the ten-business-day inspection period. Today is day nine. I delivered to the seller’s

VA Loans & Non-Allowable Fees: How to Give Sellers the Details They Need

4 months ago in

Tip of the Week

When representing a buyer who is getting a VA loan and requesting the seller to pay the buyer’s non-allowable VA fees, consider providing additional information instead of just marking the “Federal VA” box in the Financed section of the Sale Agreement. If the buyer is

Special Fire District Tax: Do You Check ‘Is’ in Section 42 of the Sale Agreement?

4 months ago in

Dear Forms Committee

Q: I’m preparing an offer for a buyer on a home where the assessor’s office shows a tax assessment of $32 per year for a special fire district. Should I mark the ‘is’ box in section 42 of the Sale Agreement, Levy of Additional Property

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Author: Ashley Folse