Ashley Folse, Author at Oregon Real Estate Forms

OREF 098 – Advisory to Buyer Regarding Waiving Contingencies

8 months ago in

When buyers consider waiving contingencies to strengthen their offer, OREF 098 – Advisory to Buyer Regarding Waiving Contingencies helps you guide that conversation the right way. It explains the purpose of key protections, like inspection, financing, title review, and more, and outlines the risks of

Lender Delay: Who Pays the Per Diem?

9 months ago in

Q: I represent the buyer in a pending sale. The lender did not send the funds to escrow, and we need a four-day extension to close. The seller has agreed to the extension only if they receive $250 per day for each day past the

Separate Timelines: Septic and Well Addenda

9 months ago in

OREF 081 – Septic/Onsite Sewage Addendum and OREF 082 – Private Well Addendum each have their own contingency with timelines that are separate from the Professional Inspection contingency. The timelines are detailed within those addenda. Section 12 of OREF 001 – Residential Real Estate Sale

Private Well Addendum: Helping Sellers Comply with Water Quality Testing Requirements

9 months ago in

Part of the requirement of OREF 082 – Private Well Addendum, Section 3, and compliance with ORS 448.271 is that the seller submit the well water quality test results to the Oregon Health Authority within 90 days of receiving them. To assist their seller with

Seller Contributions Towards Closing Costs: How Much Is Too Much?

9 months ago in

Q: My buyer needs help paying the closing costs associated with their loan. When writing up their offer, they’ve asked that in Section 4 – Seller Contributions, item (b) Closing Costs, I check the second box and put 100% in the blank. They’d like the

Listing and Buyer Representation Agreements: What to Know About Multiple Agents

9 months ago in

Including more than one agent in a Listing Agreement or Buyer Representation Agreement is a serious decision that can create complications. You’ll need to determine whether the commission will be divided, which parts of the agreement apply to each agent, and what obligations each agent

OREF 059 – Delivery Addendum

9 months ago in

From reports to keys, the Delivery Addendum ensures every handoff is recorded and acknowledged. Agents can describe what’s delivered, indicate how many pages are included, and track multiple versions with ease. Signatures confirm receipt, so everyone’s on the same page. It’s a small form with

From Sale Agreement to Addenda: What Lenders Expect from Buyer’s Agents

9 months ago in

Q: As a buyer’s agent, which documents from the buyer’s purchase should I send to the lender? A: Each lender has its own requirements, so always confirm directly with the lender what they need. As a general rule, you should provide all contractual documents between

Professional Courtesy in Real Estate: Keeping Agents Informed

9 months ago in

As a courtesy to other agents, unless your seller has instructed you not to, let the showing agent know if you’ve already received a written offer or if the seller has accepted one. Nothing is more disappointing than showing a home to buyers who fall

Lead-Based Paint Disclosures: Do Outbuildings Like Shops Require Them?

9 months ago in

Q: I’m preparing to list a home built in 1981, so the lead-based paint disclosure rules don’t apply. However, the shop was built in 1975. Should I ask the seller to complete OREF 021 - Lead-Based Paint Disclosure Addendum for the shop? A: The Lead-Based

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Author: Ashley Folse