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Category: Dear Forms Committee

Why We Still Have a Bill of Sale Even Though Section 2.2 of the Sale Agreement Covers Personal Property

Why We Still Have a Bill of Sale Even Though Section 2.2 of the Sale Agreement Covers Personal Property

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Q: Since Section 2.2—Personal Property of the Sale Agreement includes a section for identifying personal property that will be transferred with the sale, why is there a Bill of Sale in our library? A: Section 2.2 – Personal Property in the Sale Agreement is typically

Under OREF 001 Section 6: Who Pays the Appraisal Reinspection Fee for Missing Water Heater Straps?

Under OREF 001 Section 6: Who Pays the Appraisal Reinspection Fee for Missing Water Heater Straps?

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Q: Under Section 6 of OREF 001—Residential Real Estate Sale Agreement, sellers must pay appraisal reinspection fees only if their breach causes the need for an appraisal reinspection. If the seller agreed to install water heater straps during repair negotiations and the appraiser flagged them

Personal property vs. fixtures in OREF Sale Agreements—what’s the difference?

Personal property vs. fixtures in OREF Sale Agreements—what’s the difference?

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Q: What is the difference between “Personal Property” and “Fixtures” in the OREF Sale Agreements? A: “Personal property” is movable property, such as furniture, pictures, and hoses. “Fixtures” were personal property at one time, but now they are items attached to the structure in a