Purchase Agreement vs. Letter of Intent — a purchase agreement is legally binding; a letter of intent is a preliminary, non-binding expression of interest.
Warranty Deed vs. Quitclaim Deed — a warranty deed guarantees the seller's clear title; a quitclaim deed transfers only whatever interest the seller actually holds.
Seller's Disclosure vs. Inspection Report — the seller's disclosure reflects the seller's personal knowledge; an inspection report reflects findings from a licensed third-party inspector.
Earnest Money Receipt vs. Escrow Agreement — an earnest money receipt acknowledges the deposit; an escrow agreement governs how and when those funds are held and released.
Closing Disclosure vs. Loan Estimate — a closing disclosure shows the final, verified loan and settlement costs; a loan estimate shows projected figures provided early in the process.
FSBO Agreement vs. Agent-Assisted Agreement — both use the same core purchase agreement form, but an FSBO transaction omits agent commission provisions.
Purchase Agreement — sets out the price, terms, and conditions both buyer and seller agree to.
Property Disclosure Statement — informs the buyer of known defects or material facts about the property.
Deed Transfer Form — legally conveys ownership of the property from seller to buyer.
Earnest Money Receipt — confirms the buyer's good-faith deposit has been received and documents the agreed terms.
Lead-Based Paint Disclosure — required for homes built before 1978 to notify buyers of potential lead hazards.
Home Inspection Contingency Addendum — outlines the buyer's right to inspect the property and negotiate repairs.
Closing Statement — summarizes all final costs, credits, and funds exchanged at settlement.
FAQs
At minimum, you will need a purchase agreement, a completed property disclosure statement, and a deed transfer form. Depending on the property, a lead-based paint disclosure and closing statement are also required.
No. Oregon does not require an attorney for residential closings. Most transactions are handled by a licensed escrow or title company, though consulting an attorney is always a good idea for complex situations.
Earnest money is a good-faith deposit the buyer provides when submitting an offer. In Oregon, it is typically held in escrow and applied to the purchase price at closing, or returned to the buyer if the sale falls through under an approved contingency.
Yes. Selling a home as FSBO (For Sale By Owner) is legal in Oregon. You are still responsible for completing all required disclosures and using a legally valid purchase agreement.
It covers the seller's known knowledge of the property's condition, including structural issues, water damage, pest problems, title disputes, and other material facts that could affect the buyer's decision.
Key legal points
Oregon law requires sellers to complete a property disclosure form for most residential sales, even if the property is sold as-is.
The seller's disclosure must be delivered to the buyer before the purchase agreement is signed, giving the buyer time to review it.
Oregon is a title theory state, meaning the deed transfers title directly to the buyer at closing.
Earnest money deposits in Oregon are typically held in a neutral escrow account until closing or a valid termination of the agreement.
Lead-based paint disclosures are a federal requirement for all homes built before 1978, regardless of state.
Oregon does not require an attorney to close a residential real estate transaction, but using a licensed title or escrow company is standard practice.
A buyer's right to a home inspection is not automatic — it must be written into the purchase agreement as a contingency.
Deed transfers in Oregon must be signed, notarized, and recorded with the county clerk's office to be legally effective.
FSBO sellers in Oregon have the same disclosure obligations as sellers working with a licensed real estate agent.
How to get started
Start your home sale in minutes with these simple steps.
Search the Oregon home sale forms library and select the template that matches your transaction.
Preview the form to confirm it covers the terms, disclosures, or transfer details you need.
Subscribe to unlock full access to the complete library of attorney-drafted templates.
Open the form in the online editor and fill in your property details, names, dates, and agreed terms.
Download the completed document, print it for signatures, or send it electronically to the other party.
Practical tip
In Oregon, always record your signed deed with the county clerk's office promptly after closing — an unrecorded deed can create title complications if another claim arises before recording.
Glossary
Purchase AgreementA binding contract that records the agreed price and terms between a buyer and seller.
Property DisclosureA seller's written statement of known material defects or conditions affecting the property.
DeedThe legal document that transfers ownership of real property from one party to another.
Earnest MoneyA deposit made by the buyer to demonstrate serious intent to purchase.
EscrowA neutral arrangement where funds or documents are held by a third party until closing conditions are met.
TitleThe legal right of ownership to a property.
ClosingThe final step in a real estate transaction where documents are signed, funds are exchanged, and ownership transfers.
ContingencyA condition written into a purchase agreement that must be satisfied before the sale can proceed.
FSBOFor Sale By Owner; a sale conducted without a licensed real estate agent representing the seller.
NotarizationThe process by which a notary public verifies the identity of a signer and witnesses their signature on a legal document.
RecordingThe official filing of a deed or other real estate document with the county clerk to establish a public record of ownership.
Settlement StatementA document that itemizes all financial transactions, fees, and credits at the close of a real estate sale.
Trusted by over 3 million people of the world’s leading companies