Tax Withholding Requirement for Sellers

2007-12-27T00:04:00Z

Warning on withholding of funds at closing

This is an update on the Oregon Law (HB2592) that will require an closing agent to withhold funds from seller’s proceeds at the closing of non-Oregon residents or those that will not remain an Oregon resident after closing. Most title companies will provide Oregon Department of Revenue forms, shortly after opening of escrow that must be returned in advance of closing by the seller. If they do not, the closing agency may retain up to 4% of the sales price of the home. If the ODR forms are returned, the withholding may be 4% of the seller’s proceeds. There are potential delays i f forms are not returned or if there is a lack of proceeds to cover the withholding. This information was provided by a title company.

Why use a Real Estate Agent

2007-06-13T00:13:00Z

Your Real Estate agent is your “Information Headquarters”. We are able to give you up-to-date information on what is happening in the marketplace and what conditions might affect your personal real estate goals.

A Real Estate agent is more than just a sales person! They act on your behalf as “your” agent, providing you with expert advice and guidance. They strive to make your home buying or selling experience more informed and less stressful.

If you are buying a home, an agent can assist you in the selection process by researching the market and showing you only those homes that meet your specific needs as well as providing you objective information about each property. Once you have settled on your “Perfect Home”, they will help you negotiate the purchase of that home, optimally saving you both time and money. A Real Estate agent will help guide you through the entire closing process and make sure things flow together as smoothly as possible until the front door keys are in your hand.

If you are selling your home, a real estate agent will research both the current market conditions and your home selling goals. They balance how quickly you want to sell your home with the market conditions and present you with the optimal price to list your home at. Your agent will handle all of the advertising of your home to both other agents and the public. We know when, where, and how to advertise your property to obtain the best results. Here at Oregon Opportunities we advertise properties on as many as 20 different websites depending on the property type, as well as many different print ad publications. We do what it takes to get a buyer to your front door and then make it their front door.

In short your Oregon Opportunities team of Real Estate agents with their years of combined experience will be on “Your Side” from beginning to Closing.

Buying & Selling Real Estate

Tax Withholding Requirement for Sellers

Why use a Real Estate Agent