🏡 Big Changes in Real Estate Contracts for 2026

So, what is a contingency anyway? 🤔 A contingency is a condition that must be met for the sale of a home to be completed. They need to be clearly defined in the sales agreement and usually include a timeline. If the condition isn’t met within the specified timeline, the buyer or seller may elect to terminate the sale without penalty, if acting in good faith. In most cases, as long as a buyer stays within the contingency timeline, they can back out and get their earnest money back. 💰

Common contingencies in Oregon include inspections, financing, title, HOA and seller property disclosures. Some home sales can also be contingent upon the successful sale and closing of a buyer’s home. 🔍

In 2026, the Oregon Real Estate Forms had some major revisions and additions of contingencies around property condition and financing, so check back with me to learn more about the changes, and make sure to stay informed if you plan to buy or sell a house this year! 📬✨

Click HERE for my Video on What You Need To Know