Oregon Residential Real Estate Purchase Agreement

This Oregon Residential Real Estate Purchase Agreement (the "Agreement") is made on [[Agreement Date]] by and between [[Buyer Full Name(s)]] ("Buyer") and [[Seller Full Name(s)]] ("Seller"). Buyer and Seller agree as follows.

The form is modeled on standard Oregon Real Estate Forms (OREF) practices. All user inputs are `[[Token Name]]` placeholders. Earnest money is held in escrow per ORS 696.505. Statutory disclosures under ORS 105.464 must be attached or delivered. Closing is typically handled by a licensed title company or escrow agent under ORS Chapter 696.

1. Parties

Buyer(s): [[Buyer Full Legal Name(s)]]
Address: [[Buyer Current Address]]
Phone: [[Buyer Phone]] | Email: [[Buyer Email]]

Seller(s): [[Seller Full Legal Name(s)]]
Address: [[Seller Current Address]]
Phone: [[Seller Phone]] | Email: [[Seller Email]]

Buyer's Agent (if any): [[Agent Name / Brokerage]], [[License #]]
Seller's Agent (if any): [[Agent Name / Brokerage]], [[License #]]

2. Property

The real property that is the subject of this Agreement is located at:

[[Full Street Address]]
[[City]], OR [[ZIP Code]]

Legal Description: [[Full Legal Description or "See attached exhibit" or tax parcel number [[Tax Parcel / Account Number]]]]

The Property includes the dwelling unit(s), all fixtures, and the following personal property: [[List included appliances, window coverings, etc. or "Standard fixtures only"]]

The Property is sold subject to any existing tenancies disclosed in Section 11.

3. Purchase Price and Earnest Money

Total Purchase Price: $[[Purchase Price Amount]]

Earnest Money Deposit: $[[Earnest Money Amount]] (due within [[1 / 3]] business days after mutual acceptance)

Earnest money shall be deposited with a neutral escrow agent or title company licensed under ORS Chapter 696. Per ORS 696.505, earnest money is held in a neutral escrow depository. The parties designate:

Escrow / Title Company: [[Escrow Company or Title Company Name]]
Escrow Officer / Reference: [[Contact Name or File Number]]

Initial Earnest Money Payment Method: [[Wire / Check / Other]]

If Buyer defaults after contingencies are satisfied or waived, Seller may retain the earnest money as liquidated damages (subject to the terms of this Agreement and applicable law). If Seller defaults, Buyer is entitled to return of earnest money plus remedies.

4. Financing

Financing Type: [[All Cash / Conventional / FHA / VA / USDA / Other: [[Describe]]]]

Buyer has / will obtain pre-approval or proof of funds: [[Pre-approval letter attached / Proof of funds attached / To be provided within [[X]] days]]

Financing Contingency Period: [[Number of Days, typically 21, 30]] business days after mutual acceptance.

Loan Amount: $[[Loan Amount or "N/A, cash"]]
Down Payment: $[[Down Payment Amount]]

If Buyer is unable to obtain financing on the stated terms after good-faith efforts, Buyer may terminate and receive return of earnest money during the contingency period.

5. Inspection and Due Diligence Contingency

Inspection Period: [[10 / Number]] business days after mutual acceptance of this Agreement.

During the inspection period, Buyer may, at Buyer's expense, conduct inspections of the Property including but not limited to: structural, roof, plumbing, electrical, HVAC, foundation, pest, sewer scope, radon, mold, and environmental.

Buyer may terminate for any reason or no reason during the inspection period by delivering written notice to Seller or Seller's agent. Upon timely termination, earnest money shall be returned to Buyer.

Seller to Provide Access: Seller shall provide reasonable access for inspections during the period.

Repairs / Price Adjustments: Any repairs or concessions are negotiated separately in writing. Seller is not obligated to make repairs.

6. Title and Title Insurance

Title Insurance: Seller shall provide at Seller's expense an owner's policy of title insurance in the amount of the purchase price issued by [[Title Company]] or mutually acceptable insurer. Policy to be standard ALTA owner's policy (or equivalent).

Title Contingency: Buyer has [[10 / Number]] business days after receipt of preliminary title report to object to title defects. Seller has [[Number]] days to cure or Buyer may terminate.

Survey: [[New survey required / Existing survey acceptable / Not required / Buyer may obtain at Buyer's expense]]

Seller shall convey marketable title by [[Warranty Deed / Statutory Warranty Deed / Special Warranty Deed]] free and clear of liens and encumbrances except: taxes for the current year, easements and restrictions of record that do not materially impair use, and other items approved by Buyer.

7. Disclosures and Attachments

The following are or will be attached to or delivered with this Agreement:

• Seller's Property Disclosure Statement per ORS 105.464 (if required)
• Lead-Based Paint Disclosure and EPA pamphlet (if Property built before 1978)
• Any HOA / Condo documents, bylaws, and financials (if applicable)
• Well / Septic disclosures or reports (if applicable)
• Any other required or agreed disclosures: [[List or "None"]]

Statutory Disclosure Delivery Timing: Seller shall deliver the required property disclosure statement to Buyer upon or before execution of this Agreement or as otherwise required by ORS 105.464, 105.475. Buyer has 5 business days after delivery to revoke under the statute (subject to contract terms).

8. Closing and Possession

Closing Date: [[Closing Date, typically 30, 45 days after mutual acceptance]]

Closing Location: [[Title / Escrow Company Office or Remote Closing]]

Possession: [[At closing / [[Number]] days after closing / Other: [[Describe]]]]

At closing, Seller shall deliver the Property vacant and broom-clean (unless tenancy disclosed and agreed), with all keys, codes, and remote controls. Personal property not included shall be removed.

Prorations: Property taxes, HOA dues, rents (if any), and other items shall be prorated as of the closing date on a [[365 / 360]] day basis. Seller pays for period up to but not including closing; Buyer pays thereafter.

Closing Costs: Each party pays its own customary closing costs unless otherwise agreed. Seller pays for owner's title policy. Buyer pays for lender's policy if any.

9. Default and Remedies

Buyer Default: If Buyer defaults after contingencies satisfied or waived, Seller may terminate and retain the earnest money as liquidated damages, or pursue other remedies available at law or equity.

Seller Default: If Seller defaults, Buyer may terminate and receive return of earnest money, or pursue specific performance or other remedies.

Attorney Fees: In any action or proceeding arising out of this Agreement, the prevailing party shall be entitled to reasonable attorney fees and costs as provided by ORS 20.096 or other applicable law.

10. Contingencies Summary

The following contingencies apply (Buyer may waive in writing):

• Financing contingency: [[Number]] days
• Inspection / Due Diligence contingency: [[Number]] days
• Title contingency: [[Number]] days after receipt of prelim
• Appraisal (if required by lender): [[Included in financing or separate]]
• Other: [[List any additional, e.g. sale of Buyer's property]]

All contingencies not expressly waived in writing expire at the end of the stated period.

11. Existing Tenancies and Occupants

Property Currently Occupied by Tenants? [[Yes / No]]

If yes:

• Lease term(s): [[Describe or attach copies]]
• Security deposits to be transferred: [[Amount(s) and how handled]]
• Tenant rights / notice requirements on sale: [[Describe per ORS or lease]]

Seller shall deliver the Property vacant at closing unless otherwise agreed in writing.

12. Additional Provisions

Risk of Loss: Risk of loss or damage to the Property remains with Seller until closing. If the Property is materially damaged before closing, Buyer may terminate or renegotiate.

Assignment: Buyer may not assign this Agreement without Seller's prior written consent.

Time of Essence: Time is of the essence for all dates and periods in this Agreement.

Entire Agreement: This Agreement, including all exhibits and addenda, constitutes the entire agreement and supersedes all prior negotiations and representations. It may be amended only in writing signed by both parties.

Governing Law: This Agreement is governed by the laws of the State of Oregon. Venue lies in the county where the Property is located.

Electronic Signatures: Electronic signatures are accepted and have the same force as original ink signatures.

Notices: Notices under this Agreement may be delivered personally, by email (with read receipt if requested), or by first-class mail to the addresses above or to the parties' agents.

13. Signatures

BUYER(S)

Signature: _______________________________ Date: [[Date]]

Printed Name: [[Buyer Full Name]]

Signature: _______________________________ Date: [[Date]]

Printed Name: [[Buyer Full Name]]

SELLER(S)

Signature: _______________________________ Date: [[Date]]

Printed Name: [[Seller Full Name]]

Signature: _______________________________ Date: [[Date]]

Printed Name: [[Seller Full Name]]

14. Escrow Acceptance

The undersigned escrow/title company acknowledges receipt of the initial earnest money and agrees to act as neutral escrow holder consistent with this Agreement and ORS 696.505.

Escrow Company: [[Company Name]]

By: _______________________________ Date: [[Date]]

Printed Name / Title: [[Escrow Officer Name and Title]]

15. Statutory references (Oregon, as of June 2026)

*Template, not professional legal advice. This is a sample purchase agreement incorporating standard Oregon practices and statutory requirements. Purchase agreements are complex contracts. All parties should have the agreement reviewed by qualified Oregon real estate counsel and their licensed real estate broker. Earnest money handling, contingencies, title standards, and closing procedures must comply with current law and the specific transaction. Verify all terms, deadlines, and disclosures as of the date of execution. Requirements current as of June 2026.*