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What type of information must be disclosed to the seller?
Property sellers are usually required to disclose negative information about a property. It is usually wise to always disclose issues with your home, whether you are legally bound to or not. The seller must follow local, state, and federal laws regarding disclosures when selling their home.
What do house sellers have to disclose?
What Do House Sellers Have to Disclose? The main point to bear in mind is that you need to be honest and disclose all known information about the property, both positive and negative. Secrecy and deceit are not permitted under any circumstances and may even lead to prosecution.
Do you have to disclose if someone died in a house in Oregon?
Real estate listings dont reveal all. Oregon doesnt require real estate agents to say that someone was violently murdered inside a house or even investigate if meth was cooked there.
Can you sell a house as is in Oregon?
Every home sold in Oregon is sold as-is, however, the buyer has the right to negotiate any and all repairs. This does not mean that you do not need to disclose known problems with the house. You MUST disclose known issues to the buyer.
What do you have to disclose when selling a house?
Important and relevant issues which need disclosing are: Flooding issues, whether current or historic. Any known structural issues concerning the property. Proposals for nearby development and construction (if applicable)
What must be disclosed when selling a house in Oregon?
Oregon Property Disclosure Statement: What You Must Disclose title to the property and existing encumbrances, such as easements and liens. domestic water sources and irrigation. sewage disposal. insulation, including whether there is insulation in the ceiling, walls, and floor.
Does a death in a house affect value?
How Can a Death Affect Property Value? Non-natural deathssuch as a homicide or suicidein a house can decrease the propertys value by 10% to 25%, according to Randall Bell, an expert in real estate damage economics and valuation with Landmark Research Group LLC in Dana Point, California.
What do you have to disclose when selling a house?
Important and relevant issues which need disclosing are: Flooding issues, whether current or historic. Any known structural issues concerning the property. Proposals for nearby development and construction (if applicable)
What must be disclosed when selling a house in Oregon?
Oregon Property Disclosure Statement: What You Must Disclose title to the property and existing encumbrances, such as easements and liens. domestic water sources and irrigation. sewage disposal. insulation, including whether there is insulation in the ceiling, walls, and floor.
Is Oregon a full disclosure state?
Under Oregon law a seller must disclose to the buyer any material defects known to the seller that would not be readily apparent to a buyer. Oregon civil law also imposes on all parties to a contract a duty of good faith and fair dealing.
Related links
State of Oregon: Licensing - Initial Agency Disclosure Pamphlet
Learn about the requirement to provide the Initial Agency Disclosure Pamphlet to potential clients.
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