Contracts & Disclosures

Contracts and disclosures are essential elements in real estate transactions that protect the rights of both buyers and sellers. Contracts outline the terms of the sale, including the purchase price, contingencies, and any special agreements between the parties involved.

Listing Agreement

A listing agreement is a type of real estate contract in which a property owner gives authority to the broker to find a buyer and represent the seller and their property to a third party.

Sellers Property Disclosure

Home seller disclosures are documents provided by the seller to the buyer that disclose information about the property and its condition. The purpose of these disclosures is to provide the buyer with full and accurate information about the property, so they can make an informed decision about their purchase.

Smoke and CO2 Detectors

Oregon law requires that Smoke & Carbon Monoxide detectors be installed by the seller on each level of the home and within 15 feet of each bedroom (one detector can count for more than one room) prior to the appraisal being done. These are fairly inexpensive ($20 or so) and can be purchased at any Home Depot or Lowe's. We will need these in place prior to the appraisal.

It is a state law that smoke detectors be installed on a property prior to resale. They need to be newer than 10 years and on each level of the home. If your smoke detectors are hard - wired and older more than 10 years old, they must be replaced with compliant hardwired smoke alarms with battery back - up.

HOA Addendum (if applicable)

The addendum contains provisions that obligate the homeowner to comply with the homeowners association governing documents.

Home Energy Score (if applicable)

A certified professional evaluates a home's performance and issues a score, similar to the bright yellow Energy Guide label found on home appliances.