Real estate transactions do not only consist of mortgages. Some people buy a property using a deed of trust. Oregon is one state that allows this kind of transaction. While similar to a mortgage, a deed of trust involves three different parties. Before you enter into...
Real Estate Law
When could I lose my earnest money deposit?
You may believe that you have found the home of your dreams. However, the property might show some problems after you have made your offer to the seller. Given that your earnest money deposit could be a hefty sum, you probably fear losing your deposit by withdrawing...
Why homebuyers should avoid waiving home inspections
There are many moving parts involved in purchasing an Oregon home, and one important part of the process involves having a home inspection performed. While it is not mandatory to have a professional perform a home inspection, there are several reasons why having one...
How long can you expect your home’s roof to last?
If you are about to purchase your first home, you probably have some fears about possibly buying a money pit. While you may not mind paying for a few minor repairs, replacing a bad roof can set you back thousands of dollars. Still, your home's roof is likely to need...
Pros and cons of selling your house without a broker
There are many things to consider when putting your house on the market. One of the first decisions you must make is whether or not to use a real estate broker. While many people choose to work with a broker, it is not a legal requirement. You may put your home on the...
Does your new home have a party wall agreement?
If you are trying to become a homeowner in the Portland area, you have probably learned to deal with disappointment. After all, according to Realtor.com, the average price of a home has increased by nearly 5% over the past year to reach $575,000. Even worse, many...
How do you negotiate a favorable commercial lease renewal?
When you lease commercial property for your business in Oregon, you may have to agree to a lengthier lease term than you would when renting a residential space. This is common, but it also means you may want to take a good, hard look at a proposed agreement to renew...
What do you need to know about home inspections?
When you sell a home in Oregon, you should expect home inspections. Buyers want reassurance that they're not going to have to spend a lot of money on repairs after buying the home. There is also legislation in place surrounding inspections and disclosing issues to...
What happens at a real estate closing in Oregon?
Closing on a house is a huge milestone, and it can be a little overwhelming to think about all of the things that need to happen in order for it to go smoothly. However, when you break it down into a timeline, the process is not as daunting. Negotiating an offer This...
The pros of using a real estate lawyer
A real estate lawyer offers a number of services related to land and property transactions. In Oregon, this mainly involves handling the sales and purchases of residential and commercial property. A lawyer may be able to assist with any property-related task you need...