The Oregon Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential is a legally binding document that outlines the terms and conditions involved in the sale and purchase of real estate property in the state of Oregon. This contract is specifically designed for transactions that do not involve a real estate broker and can either include seller financing or an all-cash payment. The contract covers all essential aspects of the transaction, including the identification of the parties involved (the buyer and the seller), a detailed description of the property being sold, and the agreed-upon purchase price. It also includes sections that outline the financing terms, such as the amount of down payment, interest rate (if seller financing is involved), and the duration of the loan. In the case of seller financing, the contract will include provisions related to the installment payments, the frequency of payments, and any penalties or consequences for late payments. There may also be clauses regarding the transfer of the property title upon completion of the payment plan. If the transaction is an all-cash deal, the contract will instead include provisions for verifying the source of funds, ensuring that the buyer has enough financial resources to complete the purchase. It may also detail any specific conditions or contingencies that need to be met before the sale is finalized, such as conducting property inspections or obtaining financing approvals. It is worth mentioning that there might be different versions or variations of this contract based on specific circumstances or preferences. For example, there could be a separate contract template for commercial real estate transactions or a modified version of the contract that includes additional clauses or provisions. However, the core elements mentioned above would typically be included in any Oregon Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential.
Oregon Contract for the Sale and Purchase of Real Estate - No Broker - Seller Financing or All Cash - Residential
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