Q: What is the best way to determine who is responsible for paying any applicable HOA transfer fee? A: In many transactions, the HOA documents (CC&Rs or Bylaws) specify who is responsible for paying any applicable transfer fee. Links to the CC&Rs and Bylaws are
Q: In OREF 083-Buyer’s Contingent Right to Purchase Addendum, why is the buyer not able to waive the contingency? A: Section 3 of the OREF 083 – Buyer’s Contingent Right to Purchase Addendum incorporates the terms of OREF 083A – Contingent Right to Purchase –
Q: 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? A: OREF 083 – Buyer’s Contingent Right to Purchase Addendum is only necessary if
Q: In the OREF Sale Agreements, does the buyer need to include funds from a lender in the Buyer Representation of Funds section? A: The contingency regarding funds from a lending institution is covered in the “Financed” section of the Sale Agreement (Section 6). If
Q: What does “Time is of the essence” mean in OREF Sale Agreements? A: Every OREF Sale Agreement includes a provision in the Miscellaneous section that says: “Time is of the essence of this Agreement.” This provision means that the deadlines throughout the Sale Agreement
Q: In OREF 054 – Agreement to Occupy After Closing, is day one considered the date of closing or the day after closing? A: When selecting the number of “days after closing” in section 2 of OREF 054 – Agreement to Occupy After Closing, since
Q: 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? In a situation where the buyer and seller agree to the provisions in the Property
Q: 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 not accept
Q: I would like some additional questions added to OREF 020-Seller’s Property Disclosure Statement – who can I send those to? A: The questions on OREF 020 – Seller’s Property Disclosure Statement – come directly from Oregon law (ORS 105.464). That means they can only
Q: 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