Transfering a house title in Oregon

[Jade Falcon]

How do you do it, and what options are available? Do I need a realtor?

I can't get a straight answer from Google.

Thanks.

Read More

 

[Lilhigbee]

No, you don't need a realtor. Depending on the circumstances it may be the most practical to go through a title company. I don't remember what they charged us to do the paperwork but it wasn't unreasonable. If it is just a change of ownership, no title research or insurance and no escrow, just go to your county's Assessor's office and ask what's necessary. They'll point you in the right direction. No outside involvement required.

 

[jbett98]

https://www.oregon.gov/oweb/Documents/LA-WarrantyDeedTemplate-2023.docx

 

[The Heretic]

FWIW - when I sold some acreage to my neighbor, after I cleared it with my mortgage lender (took the longest time, required an appraisal, then waiting months for the approval), and the neighbor had all the paperwork drawn up by a surveyor/et. al., and the county signed off on the plot line changes, I went to a lawyer's office that handles such things (for the neighbor), and signed the transfer in their presence and they notarized the transfer.

A little different and more complicated, but signing the document was all I needed to do in the final transaction.

If you are selling residential property, and you make a profit from it, and it is over a certain amount, then you may owe capital gains tax on it - if you lived there, then there may be a certain amount that of profit that might be exempt from taxes.

 

[2ndtimer]

Check with a local title company. While they can't give legal advice, they can help you figure out what all may be required, and if you need to have an attorney involved. There may also be tax considerations as well. Although I spent 33 years as a title officer, it was in the state of Washington, so am uncertain what crazy rules Oregon may have..

 

[Provincial]

There has been a problem nationwide of people forging documents and taking title away from lawful owners. Some counties have instituted requirements to verify that the person signing away title is actually the lawful owner, and that they truly intend to do so. It can be a few hoops to jump through, but it seems to me that it is worth the hassle in order to protect vulnerable owners. Your county clerk can tell you what will be required.