If you’re considering purchasing a home and relocating to Oregon, the process could be somewhat challenging when you’re living in another state. Conducting the necessary research and contacting an expert realtor can help ensure that the transaction progresses smoothly.
You’ll start by familiarizing yourself with the state’s laws and regulations. Along with that, you can identify neighborhoods suitable for your needs. Here are some additional tips you’ll find helpful.
Connect with a Buyer’s Agent
When searching online for homes for sale in Oregon or one of its booming areas such Eugene in Lane County, you can easily find an experienced real estate agent who works in your preferred locations. Make sure to use keywords like “buyer’s agent in Lane County” rather than “real estate agent in Lane County.” This step is critical to ensure that you connect with realtors who’ll represent your best interests. It is never advisable to pick out a listing and contact the given number. In most cases, you’ll reach the seller’s agent, who is more concerned with getting their client the best price possible for the house. A local realtor in Eugene, Oregon that is on your side is of utmost importance when investing in a booming market.
Receive the Initial Agency Disclosure Pamphlet
Once you contact a real estate agent, you’ll receive the Initial Agency Disclosure Pamphlet via email, over the phone, or in person. Study the information outlined in this document carefully because it will reveal details like the duties and responsibilities of the agent representing you in the transaction. Oregon law allows a realtor to represent both the buyer and seller, but only if the parties provide their consent in writing.
Getting into a dual agency agreement clearly won’t work in your favor. Make sure to hire a real estate agent who’ll search for homes and help you negotiate economic rates. They’ll also protect your personal information and won’t divulge details without proper authorization.
Check with Friends and Family for Information
When you’re looking for listings and neighborhoods in an unfamiliar state, relying on information provided by local friends and family is always preferable. Instead of choosing a random buyer’s agent, contact a trusted real estate agent in your community and ask for referrals. As members of the National Association of Realtors, they’ll have access to a nationwide database of professionals who can help you. You would also want to look for a Certified Relocation Professional (CRP) or Certified Residential Specialist (CRS) who has advanced training to assist residents relocating to Oregon.
Begin Research Well Ahead of Your Planned Move
Since you’re househunting from out of the state, it may take you some time to locate the right home. You would want to begin your search well before moving, preferably at least six months ahead of your targeted moving date. Take your time to build a relationship with the agent, scout houses, and compare prices before making a final offer on the house. Since purchasing property is a significant financial decision, you’d want to make an informed decision only after a little due diligence. Look for information like local crime rates, economic stability, weather conditions, available employment opportunities, and schools. You could also contact the Chamber of Commerce, which is an excellent source of in-depth details.
Request Your Buyer’s Agent for Virtual Tours
Since you live in a location outside the state, it might not be possible for you to travel to see the property in person. Request your buyer’s agent to attend open houses and visit available listings. They’ll send you pictures and also virtually walk through the place. You can see each room, check the interiors, exteriors, basement, and landscaping before making your decision. You should also ask for information like the availability of shopping centers and healthcare facilities close to the community.
Signing the Residential Real Estate Agreement
It is not unusual that the buyer and seller don’t meet for the transaction in Oregon. Their real estate agents conduct the final closing and hand over the keys at the title company’s office. Oregon laws require that the parties draw up a Residential Real Estate Agreement, which includes the terms and conditions of the sale. Additional information such as the purchase price, inspection contingency clauses, and escrow amount is also detailed in the contract.
Getting the Agreement Notarized
Is an online notary legal in Oregon? Yes, it is. Signatories can appear before the notary via video conferencing. The official verifies identities and the authenticity of the paperwork. Next, they affix the official seal and sign the contract digitally. A copy is filed for the state records, and the agreement is now legally binding. You are now the proud owner of a new home in Oregon.
Buying a house in Oregon while living in another state can be done with the assistance of trained real estate agents. They’ll work with you to understand your requirements and provide knowledgeable service to finalize the deal.
