Oregon Buyer Disclosure
ADDITIONAL DISCLOSURE FOR BUYER(S) - OREGON REAL ESTATE AGENCY
I have received a copy of the Oregon Real Estate Agency Pamphlet OAR 863-015-214(4).
BUYERS ADVISORY
Given the numerous decisions and matters to consider when buying a property, buyers are encouraged to inform themselves regarding real property transactions. To assist with this information a “Buyers Advisory” is available at: https://oregonrealtors.org/protect/buyer-seller-advisories/
or my broker has provided a copy of the advisory.
INSPECTIONS, PROPERTY INVESTIGATIONS & PROFESSIONAL REFERRALS
My broker explained to me the different types of inspections that I could perform at the property.
These include a professional home inspection, sewer line inspection, oil tank search, radon testing, lead testing, and mold testing.
I understand that all Urban Nest Realty professional inspector & contractor vendor referrals are only suggestions. I am free to select my own mortgage professional, home inspectors, insurance agent, contractors, etc.
I understand that Urban Nest Realty cannot guarantee the work performed by any professional referrals.
HOME WARRANTY DISCLOSURE
The purchase of a home warranty is an option offered in the Oregon Sale Agreement. A Home Warranty is intended to cover repair or replacement costs associated with unexpected failures of listed working components and systems that break down due to normal wear and tear. Claims filed under a Home Warranty are subject to a service fee deductible for each separate trade call and the standard terms and conditions of the warranty plan. I understand that a Home Warranty provides limited coverage for many major appliances, plumbing, electrical, heating, air conditioning, and other systems.
SMOKE & CARBON MONOXIDE DETECTORS/ALARMS
Under Oregon Law (ORS 479.260) dwellings may not be sold or transferred without the required smoke alarms installed in accordance with the State Building Code and Rules of the State Fire Marshal. Check with a qualified inspector or contractor. Under Oregon Law (OAR 837-047-0120) and in accordance with the State Building Code and Rules of the State Fire Marshal, carbon monoxide alarms are required regardless of the presence of a carbon monoxide source. The seller is responsible for ensuring that working smoke alarms, carbon monoxide alarms, or combination smoke and carbon monoxide alarms are installed in the appropriate places on the property prior to closing.
WATER INTRUSION, MOLD & AIR QUALITY
Molds, fungi, mildew, and similar organisms may exist in any property. These contaminants generally grow in places where there is excessive moisture, such as where leakage occurred in roofs and pipes, or where there has been flooding. A professional home inspection may not detect or disclose molds. I understand that my agent is not an expert on water intrusion, mold, air quality, or related issues. I have the opportunity to obtain an inspection specifically for molds to more fully determine the condition of the property.
INFORMATION SHARING
Urban Nest Realty updates our website and/or social media pages to reflect information on recent sales for purposes of publicity, illustration, advertising, blog & web content. Buyers agree to allow Urban Nest to use images or blog about your home buying experience.
Does Urban Nest have your permission to use images or blog about your home buying experience?
YES ______________ NO ______________