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Category: Dear Forms Committee

Dear Forms Committee: If my buyer’s offer is contingent on the closing of their property, which is already in escrow, do I still use OREF 083 – Buyer’s Contingent Right to Purchase Addendum?

Dear Forms Committee: If my buyer’s offer is contingent on the closing of their property, which is already in escrow, do I still use OREF 083 – Buyer’s Contingent Right to Purchase Addendum?

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OREF 083 – Buyer’s Contingent Right to Purchase Addendum is only necessary if the buyer’s property is not yet pending. If the property is already pending, the buyer must identify that as a contingency in Section 4 of the Sale Agreement. Be sure to include

Dear Forms Committee: In the OREF Sale Agreements, does the buyer need to include funds from a lender in the Buyer Representation of Funds section?

Dear Forms Committee: In the OREF Sale Agreements, does the buyer need to include funds from a lender in the Buyer Representation of Funds section?

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The contingency regarding funds from a lending institution is covered in the “Financed” section of the Sale Agreement (Section 6). If the buyer selects “Financed,” then the buyer does not need to include a representation in Section 4 regarding any contingency for funds from a

Dear Forms Committee: In OREF 054 – Agreement to Occupy After Closing, is day one considered the date of closing or the day after closing?

Dear Forms Committee: In OREF 054 – Agreement to Occupy After Closing, is day one considered the date of closing or the day after closing?

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When selecting the number of “days after closing” in section 2 of OREF 054 – Agreement to Occupy After Closing, since the time frame indicated is “days after closing,” day one would be considered the day after closing. See also Item (8) of the “Miscellaneous”

Dear Forms Committee: Can you please help clarify if the seller is responsible for repairs proposed on the Seller’s Repair Addendum if the buyer did not accept it before the inspection deadline?

Dear Forms Committee: Can you please help clarify if the seller is responsible for repairs proposed on the Seller’s Repair Addendum if the buyer did not accept it before the inspection deadline?

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Dear Forms Committee, In a situation where the buyer and seller agree to the provisions in the Property Inspection period and have selected Licensed Professional Inspections (or are using OREF 058 – Professional Inspection Addendum), a seller rejects OREF 022A – Buyer’s Repair Addendum and

Dear Forms Committee: Can you please help clarify the purchase price when there are multiple counteroffers involved?

Dear Forms Committee: Can you please help clarify the purchase price when there are multiple counteroffers involved?

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Dear Forms Committee, In Seller’s Counteroffer No. 1, the seller countered the buyers’ offer with four items, including increasing the purchase price by $5,000. When the buyers countered back, they countered on three of the items but not the sales price. Since the buyers did

Dear Forms Committee: In the OREF Residential Sale Agreement, should lines 81 and 87 be checked/filled in if the seller provides financing?

Dear Forms Committee: In the OREF Residential Sale Agreement, should lines 81 and 87 be checked/filled in if the seller provides financing?

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No, Section 4.B does not apply in this situation, and those boxes should not be checked. Only Section 6 applies if the seller provides financing and no institutional lender is involved. All comments and responses from OREF or its staff, managers, and volunteers are non-legal

Dear Forms Committee: I would like some additional questions added to OREF 020-Seller’s Property Disclosure Statement – who can I send those to?

Dear Forms Committee: I would like some additional questions added to OREF 020-Seller’s Property Disclosure Statement – who can I send those to?

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The questions on OREF 020 – Sellers Property Disclosures are straight from a statute – ORS 105.464 – so they can only be changed by bills passed through both houses of the Oregon Legislature and signed by the governor. If you would like to suggest

Dear Forms Committee: A seller agreed to a pest control treatment requiring insulation removal, but doesn’t want to pay to reinstall new insulation. Can you point me to the lines in the contract stating that sellers must restore the property to the condition it was in before the repairs are complete?

Dear Forms Committee: A seller agreed to a pest control treatment requiring insulation removal, but doesn’t want to pay to reinstall new insulation. Can you point me to the lines in the contract stating that sellers must restore the property to the condition it was in before the repairs are complete?

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Section 14 (4) of the Sale Agreement includes the seller’s representation that, when the buyer is entitled to possession of the property, it will be substantially in the condition it was in when the seller accepted the offer. Because insulation was in place at the