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Oregon Residential Purchase Agreement

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Updated August 07, 2025

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.

State Laws

Seller Duties – The seller must deliver a completed property disclosure statement to any buyer who makes a written offer to purchase in a timely manner.[1]

The following types of sales are exempt from this requirement:[2]

  1. This is the first sale of a dwelling never occupied;
  2. This sale is by a financial institution that acquired the property as custodian, agent or trustee, or by foreclosure or deed in lieu of foreclosure;
  3. The seller is a court appointed receiver, personal representative, trustee, conservator or guardian; or
  4. This sale or transfer is by a governmental agency.

Buyer’s Rights – The buyer can revoke their offer without penalty within five days of the delivery of the property disclosure statement. If the seller does not provide the buyer with a completed property disclosure statement, the buyer can also revoke their offer without penalty.[3]

Seller’s Disclosures (3)

Seller’s Property Disclosure Statement (required)- 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.

Download: PDF

Lead-Based Paint Disclosure (conditional) – 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.[4]

Download: PDF

Lead-Based Paint Pamphlet (conditional) – Gives general information about lead-based paint for properties built before 1978.[5]

Download: PDF

Sample

Download: PDF, MS Word, ODT

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