Ashley Folse, Author at Oregon Real Estate Forms

OREF 000B – Advisory For Buyers and Sellers of Real Estate

6 months ago in

The Advisory for Buyers and Sellers is here! You asked for it, and OREF is thrilled to deliver! This guide helps buyers and sellers cut through the confusion of real estate jargon by breaking down key concepts, like agency relationships, contingencies, inspections, and title reports,

Property Condition: Define & Document It Clearly

7 months ago in

When completing the Property Condition at Possession section of the Sale Agreements, be clear and specific about the buyer’s expectations. Vague language, such as “Property to be professionally cleaned prior to closing,” can be interpreted in many ways. Instead, list exactly what should be cleaned.

Solar Panels: What Clients Should Know

7 months ago in

Q: A buyer I’m working with is considering making an offer on a property that includes solar panels on the roof. I’m not familiar with solar panel systems. How should I guide my buyer? A: For buyers, it’s important to look beyond the panels on

OREF Listing Bundle

7 months ago in

Simplify your listing process with this essential bundle! Get everything you need in one convenient package: the Listing Agreement, Listing Agreement Addendum, and Listing Agreement – Early Termination. These forms are built to work together, setting clear expectations, allowing for smooth updates, and providing a

Closing Statement vs. Closing Disclosure

8 months ago in

There’s an important difference between a closing statement and a Closing Disclosure. Closing statements, issued by escrow to both buyer and seller, list all debits and credits from a transaction and show the amounts the parties owe or receive at closing. The Closing Disclosure, a

Title Insurance Made Simple

8 months ago in

Q: My buyer has questions regarding the preliminary title report they just received and title insurance in general. I also struggle with fully understanding and explaining title reports and title insurance. Does OREF have any tools to help us with this? A: Most people,

Seller Backouts and Legal Boundaries

8 months ago in

Q: I represent the seller in a pending sale. Both parties have signed the closing documents, and everything is ready, with funding as the only step remaining. The seller has just informed me that they have changed their mind and no longer wish to proceed

More Tanks, More Addenda

8 months ago in

If a property has more than one septic tank or septic system, the buyer should include a separate OREF 081 – Septic/Onsite Sewage Addendum for each one. This allows each addendum to specify the services the buyer wants performed for that particular tank or system.

Updating Seller Contributions the Right Way

8 months ago in

Q: I represent the buyer in a pending sale. The original offer requested $8,000 in seller-paid closing costs, but the seller’s counteroffer reduced that amount to $6,000, which my buyer accepted. Now the seller has agreed to pay the full $8,000 so the buyer can

The Disclosure Delivery Dilemma

8 months ago in

Attaching the Seller’s Property Disclosure Statement to the MLS listing does not count as delivery to the buyer. Under ORS 105.485, “The burden of proof of lawful delivery of a seller’s property disclosure statement and any amendment thereto is on the seller.” Making the document

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Author: Ashley Folse