You know your Oregon home better than anyone, which means you know where it needs work. If you’re making plans to sell your Beaver State, you may be wondering how much you need to reveal on the Oregon seller disclosure form, officially known as the Seller’s Property Disclosure Statement. This form provides potential buyers with a clearer picture of your property’s condition and history, enabling them to make an informed decision about purchasing your home. Additionally, it can also protect you from potential legal complications that could arise from failing to disclose a key issue. In this post, we’ll tell you what to expect, how much detail to provide, and what could go wrong if you leave something out. We’ll also provide a downloadable Disclosure Litmus Test to help you identify any red flags.
The Oregon seller disclosure form, or Seller’s Property Disclosure Statement, is a document developed by the Oregon Association of Realtors. It’s designed to help you disclose any known issues or facts about your home that could impact its value or a buyer’s decision to purchase the home. Oregon law requires sellers to disclose all material facts — in other words, anything that could impact the buyer’s use or enjoyment of the property. The Seller’s Property Disclosure Statement form acts as a guide to help you do this thoroughly. It covers everything from structural issues and past repairs to neighborhood conditions and HOA rules.What is the Oregon seller disclosure form?
