A purchase and sale contract in Oregon is provided to an owner by a buyer who wishes to acquire a residential property. The document transmits the buyer`s proposal and sets out a period during which the owner must accept the terms before the offer expires. If the owner rejects the original proposal but wishes to negotiate new terms, he may submit a counter-proposal with conditions adapted to his preferences (this may be necessary if the owner wishes to change the purchase price, financing conditions, reference date or other provisions). Under Section 105.465(2), sellers are required to provide any person making a formal offer to purchase a property located in Oregon with a declaration of disclosure of the property. Seller`s Disclosure Statement (ORS 105.464) – describes the seller`s knowledge of the material defects affecting his property. Sellers must complete this disclosure and make it available to all buyers who make a written offer to purchase their property. Download adobe PDF – MS Word (.docx). Lead-Based Paint Disclosure – A statement that informs home buyers of the history of a property`s leaded colors. The application of this revelation is only necessary if the property to be sold was built before 1978.