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When you make an offer on a home, one of the first pieces of paperwork you'll get is a seller's property disclosure. Also known as a \u201cproperty disclosure statement,\u201d \u201chome disclosure\u201d and \u201creal estate disclosure form,\u201d this document contains a list of known problems with the home.
While the Oregon state requires you to fill a disclosure form, so does the Federal government. According to 42 U.S Code 4852d, you are required to disclose if your home has lead paint. However, this law only applies to homes built before 1978.
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.
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.
Seller's Disclosure Notice | TREC.
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A property disclosure statement is a series of documents the seller is legally bound to present to a buyer once a written offer is in hand. These documents must truthfully disclose any and all issues, defects, or previous repairs or relevant history of the home.
The document provided by the seller that described the condition of the property is known as the Transfer Disclosure Statement. As a buyer, you should receive this document during the contract contingency period. The TDS is arguably one of the most important documents of the entire mortgage process.
While the Oregon state requires you to fill a disclosure form, so does the Federal government. According to 42 U.S Code 4852d, you are required to disclose if your home has lead paint. However, this law only applies to homes built before 1978.
Seller's disclosure requirements vary by state, but here are some of the common issues that standard disclosure forms address: Roof leaks or defects. Water leaks or previous flooding in the basement. Cracks or other defects in the foundation.
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.

home sale disclosure form