This form is a Contract for the sale of real estate for use in Oregon. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
The Hillsboro Oregon Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding document used to facilitate the buying and selling of residential properties in Hillsboro, Oregon without the involvement of a real estate broker. This agreement outlines the terms and conditions agreed upon by the buyer and seller, ensuring a smooth transaction. This contract covers various aspects related to the sale and purchase of the property, including the identification of the parties involved, property details, purchase price, earnest money deposit, financing contingencies, and closing date. It ensures that both parties understand and agree to their respective obligations, minimizing potential conflicts during the transaction process. The contract also outlines specific contingencies that might be included, such as the buyer's right to inspect the property, obtain financing, or sell their current home before completing the purchase. These contingencies provide protection for both parties, allowing them to address any unforeseen circumstances that may arise during the sale process. There may be different types of Hillsboro Oregon Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, depending on the specific needs or circumstances of the parties involved. Some possible variations include: 1. Standard Contract: This is the most common type of agreement used for residential home sales in Hillsboro, Oregon. It covers all essential aspects of the sale and purchase process. 2. As-Is Contract: This type of agreement is used when the seller is selling the property "as-is," meaning that they are selling it in its current condition, without any guarantees or warranties. The buyer acknowledges that they have inspected the property and accepts its condition. 3. Lease-to-Own Contract: In this agreement, the buyer agrees to lease the property for a specific period with the option to purchase it at a later date. This type of contract is suitable for buyers who need more time to secure financing or resolve other issues before completing the purchase. 4. Land Contract: This contract is used when the buyer purchases vacant land for residential development. It outlines the terms and conditions for the purchase of the land, including any zoning or building restrictions. It's important to consult with a legal professional or real estate agent familiar with local regulations to ensure the chosen contract meets all legal requirements and adequately protects the interests of both the buyer and seller.The Hillsboro Oregon Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding document used to facilitate the buying and selling of residential properties in Hillsboro, Oregon without the involvement of a real estate broker. This agreement outlines the terms and conditions agreed upon by the buyer and seller, ensuring a smooth transaction. This contract covers various aspects related to the sale and purchase of the property, including the identification of the parties involved, property details, purchase price, earnest money deposit, financing contingencies, and closing date. It ensures that both parties understand and agree to their respective obligations, minimizing potential conflicts during the transaction process. The contract also outlines specific contingencies that might be included, such as the buyer's right to inspect the property, obtain financing, or sell their current home before completing the purchase. These contingencies provide protection for both parties, allowing them to address any unforeseen circumstances that may arise during the sale process. There may be different types of Hillsboro Oregon Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, depending on the specific needs or circumstances of the parties involved. Some possible variations include: 1. Standard Contract: This is the most common type of agreement used for residential home sales in Hillsboro, Oregon. It covers all essential aspects of the sale and purchase process. 2. As-Is Contract: This type of agreement is used when the seller is selling the property "as-is," meaning that they are selling it in its current condition, without any guarantees or warranties. The buyer acknowledges that they have inspected the property and accepts its condition. 3. Lease-to-Own Contract: In this agreement, the buyer agrees to lease the property for a specific period with the option to purchase it at a later date. This type of contract is suitable for buyers who need more time to secure financing or resolve other issues before completing the purchase. 4. Land Contract: This contract is used when the buyer purchases vacant land for residential development. It outlines the terms and conditions for the purchase of the land, including any zoning or building restrictions. It's important to consult with a legal professional or real estate agent familiar with local regulations to ensure the chosen contract meets all legal requirements and adequately protects the interests of both the buyer and seller.
