What do I need to know about selling an inherited home in Oregon? Selling an inherited home in Oregon requires navigating probate (unless the estate qualifies for a small estate affidavit), getting a personal representative formally appointed by the circuit court, and understanding the stepped-up basis rule that can dramatically
Do Portland home sellers have to pay the buyer’s agent commission? Portland home sellers are no longer legally required to pay the buyer’s agent commission. Since the National Association of Realtors settlement took effect in August 2024, buyer’s agent compensation can no longer be advertised on the RMLS, and sellers
What closing costs do sellers pay in Portland, Oregon? Portland home sellers pay roughly 1–3% of the sale price in closing costs, separate from real estate commission. The main items: owner’s title insurance (the seller pays this by Oregon custom), half of the title company’s escrow fee, county recording fees,
How Does Earnest Money Work for Portland Home Sellers in Oregon? Earnest money in Oregon is a good-faith deposit the buyer pays when their offer is accepted — typically 1–3% of the purchase price in Portland, deposited with a title company within three business days of contract acceptance. As the
Should Portland sellers accept a contingent offer? Portland sellers can accept a contingent offer — one where the buyer needs to sell their own home first — while keeping the property listed as “Bumpable” (BMP) on the RMLS. This allows you to continue showing and marketing your home and bump
A pre-listing inspection is a full home inspection — ordered by the seller — before the property goes live on RMLS. It isn’t required under Oregon law, but for most Portland sellers it’s one of the best $400 investments you’ll make before listing. It surfaces hidden problems before the buyer’s
