OREF 001 Section 6 – Appraisal Contingency

Oregon Real Estate Forms introduced a stand-alone Appraisal Contingency in the 2026 update to the Residential Real Estate Sale Agreement in response to requests from OREF subscribers. 

This change provides buyers with the option to include a contingency requiring the property to appraise for at least the purchase price—even when the transaction is not dependent on financing. As a result, agents need to clearly understand how this contingency works, when it applies, and how the associated timelines operate within the transaction. 

In the video below, we walk through the Appraisal Contingency section step-by-step, including: 

• When the Appraisal Contingency applies 

• How the Appraisal Contingency Deadline functions 

• What happens if the contingency fails 

• The buyer’s options and required timelines 

• The purpose of the Appraisal Reinspection provision 

• Best practices for agents when using this contingency in a transaction 

Download the OREF 001 Section 6 – Appraisal Contingency Handout here! 

Do you have an idea or suggestion for a new form or edits to existing forms? We want to hear from you! Submit your ideas to our Forms Committee here. 

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