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Oregon Residential Purchase Agreement

An Oregon residential purchase agreement is used between the seller and the buyer of a residential property. The document outlines the buyer's proposal and specifies a period in which the owner must accept the conditions before the offer expires. The terms become legally binding once signed by both parties.
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Updated July 25, 2024

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Required Disclosures (2)

Lead-Based Paint Disclosure – A statement informing home buyers of a property’s history of lead-based paint. Application of this disclosure is only required if the property being sold was constructed prior to 1978.

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Seller’s Property Disclosure Statement – Describes the seller’s knowledge of material defects affecting their property. Sellers must complete this disclosure and provide it to all buyers who submit a written offer to acquire their property.[1]

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Sources

  1. ORS 105.464