Real Estate Sale Agreements - Portland Purchase Attorneys

Find the right Home Sale attorney in Portland, OR

Home Sale Law in Oregon

When you are about to buy or sell a home, there are various things that must be considered, not the least of which being the many legal and financial decisions you have to make.

While there are no laws in Portland, Oregon against persons buying or selling real estate on their own, this is rarely the ideal way to go, given the many legal issues surrounding the sale of property.

Therefore, many people decide to go through a real estate broker when they're buying or selling a house. A real estate broker is a professional who serves as an intermediary between buyers and sellers. They can make the procedure much easier, helping deal with the tedious details and formalities.

In Portland, Oregon, brokers typically receive compensation in the form of a percentage of the sale price of the home.

Getting a Mortgage in Portland, Oregon

First if all, if the buyer asks any question about the condition of the real estate, the seller is absolutely obligated to answer it truthfully. If the seller provides any false information about the condition of the property, and the buyer buys it and later finds out, they can sue the seller for any harm caused, and the diminution in the house's value.

There are some defects which should be disclosed whether asked or not. Any defect which the seller is cognizant of, and the buyer can't be reasonably expected to discover before buying the house, must be disclosed.

Buyers, nonetheless, are not off the hook in this matter. If they ignore defects that they could have quickly discovered, they probably won't be able to recover for them.

Consequently, buyers must inspect the property before they buy it. If they don't, they can't sue for any defects they later become aware of, if an inspection would have revealed those defects.

Can a Portland, Oregon Real Estate Attorney help?

When buying a house, most individuals want to focus on the aspects that directly matter to them, such as moving in. For that reason, it's highly desirable that the process of buying and selling a house goes as smoothly as possible. To that end, a good Portland, Oregon real estate attorney could be invaluable.

Talk to a Real Estate Law Attorney now!

Life in Portland

Portland may be the 3rd most populous city in the Pacific Northwest but it's one of the most popular. Known as one of the greenest cities in the world, Portland has used city planning and public transportation to lessen residents' impact on their surrounding environment. In fact, Portland has been named the second most eco-friendly place behind Reykjavik, Iceland by Grist Magazine, and in top 10 greenest cities by Move, Inc.

P-town residents live among some of the most innovative microbreweries and distilleries. Widmer Brothers, Henry Weinhard, and Michael "Beerhunter" Jackson even dubbed Portland beer capital of the world. Portland Mayor Tom Potter nicknamed the city "Beertown."

Most people probably know Portland as the location of the Nike Headquarters (known as the Nike Campus) but the city also plays host to KEEN, Adidas, Columbia Sportsware, U.S. Bank, Oregon Steel Mills, Willamette Industries, and Louisiana-Pacific. Since the city is known as a "green city" you won't be too surprised to find there are a number of alternative energy companies there like Vestas Wind Systems.

Portland is unique in that the city hosts the worlds largest, and even legally sanctioned in Portland court, naked bike ride. The annual World Naked Bike Ride began in 1999 with less than seven participants but has grown to over 13,000. Another legal oddity you may not know is that there are very strong speech protections in the Oregon constitution that extend to full nudity and lap dances in strip clubs. Not by coincidence, Portland has more strip clubs per capita than Las Vegas or San Francisco.

If you need some help navigating these sometimes confusing courts, consult a local Portland lawyer today.

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