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If you're selling your home in Oregon, the law requires you to disclose all the defects in your home. From material defects to system malfunctions, everything has to be reported to the buyer. We take a look at what you have to report and how you have to do it.

Seller's Property Disclosure Statement In Oregon, most sellers of residential property are required to fill out, sign and deliver to prospective purchasers a statutory property disclosure form. The form, which covers everything from title status to dwelling systems and fixtures, is set-out in ORS 105.464.

It is critical to be truthful when making disclosures to home buyers. If you fail to disclose a known defect in your Oregon home, the buyer could sue you for fraud. Among other potential remedies, the buyer might seek to rescind the transaction or sue for monetary damages.

Selling a house in Oregon? You're required by law to provide your buyer with a ?property disclosure statement.? These documents are intended to reveal information about the condition of the property. If your home has an ugly past, the buyer can revoke their offer without consequence.

An offer is a written proposal to buy a property with conditions baked in. The buyer's agent helps to write it up and delivers it to the seller's agent. Purchase agreements are an actual agreement between the buyer and the seller also sometimes called a real estate contract.

For the purchase of property, an offer is considered ?under contract? when it has been accepted in writing and signed by both parties. This written contract is called a purchase agreement.