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Updated over 8 years ago on . Most recent reply

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Joel Bowen
  • Portland, OR
19
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91
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Correct wholesale contract to review with Attorney in Oregon?

Joel Bowen
  • Portland, OR
Posted

I am looking for a Purchase and Sales Agreement/Assignment Contract to bring to an appointment I have with my Attorney so that I can go over details with him. I found this contract online, is this the proper contract specific to Oregon I would want to review with him if I am looking to wholesale properties?

Most Popular Reply

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Mike Nuss
  • Real Estate Entrepreneur
  • Portland, OR
324
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439
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Mike Nuss
  • Real Estate Entrepreneur
  • Portland, OR
Replied

Hey @Joel Bowen there are no contracts specific to Oregon. Realtors, typically use OREF (Oregon Real Estate Forms) paperwork. Many will tell you this is "the proper contract specific to Oregon", but they're wrong. 

Really, all you need is an agreement that is legally binding and that you're comfortable explaining to your sellers. I've seen this range from 1 page to 12 pages, just depends. The level of detail in the paperwork, should really come down to your comfort and the sophistication of the deal. 

The assignment agreement, is a whole other agreement, that comes in to play when assigning the purchase agreement you already have in place. 

Stevens and Ness is a known source for non realtor forms locally. 

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