This form is a Contract for the Sale and Purchase of Commercial Real Estate. The form requires information such as: property condition, earnest money, taxes pro ration and utilities. The form provides that the seller has agreed to sell and the buyer will purchase the property described in the form. This contract also contains a contingency for purchase based upon the sale of another property owned by the buyer.
Oregon Contract for the Sale and Purchase of Real Estate - No Broker - Commercial Lot or Land
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Multi-State
Control #:
US-00472C
Format:
Word;
Rich Text
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How to fill out Contract For The Sale And Purchase Of Real Estate - No Broker - Commercial Lot Or Land?
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FAQ
A buyer may withdraw their offer at any time prior to the seller's acceptance.
Any purchase agreement should include at least the following information:The identity of the buyer and seller.A description of the property being purchased.The purchase price.The terms as to how and when payment is to be made.The terms as to how, when, and where the goods will be delivered to the purchaser.More items...?
How to write a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.Identify the names and addresses of both the buyer and the seller.Detail the price of the property and the terms of the purchase.Set the closing date and closing costs.More items...
List FSBO and sell to a buyer without an agent: Pay no commission. List FSBO and sell to a represented buyer: Cover the buyer's agent commission. List with a traditional agent and sell to a represented buyer: Cover both agents' commissions.
An Oregon land contract establishes terms governing the sale of vacant land between two parties. The parties, a seller and purchaser, must create the document with all applicable terms surrounding the sale, such as the agreed-upon cost and any extra financial contingencies.
According to the pre-printed forms in Oregon, they are enough for you to cancel the contract and receive all your deposit back.
Agreement to Sell Home Must Be Made in Writing In Oregon, something called "the statute of frauds" applies to the sale of real property. This a legal doctrine requiring certain contracts to be in writing. So, any agreement to sell your home must be made in writing and be signed by all parties.
How Much Earnest Money Is Enough in Oregon? There is no law that dictates how much of an earnest money deposit a home buyer in Oregon should pay, when making an offer to buy a house.
That said, in the vast majority of transactions in Oregon, sellers will expect to see an earnest money deposit of approximately 1% of the sale price. So what happens if something goes wrong after you've deposited the earnest money and you want to get it back.
How to Fill Out a Residential Purchase AgreementPlace the name(s) of the seller(s) on the contract.Write the date of the offer on the agreement.Add the purchase price to the contract.Include a request for the seller to provide a clear title and deed for the property.More items...