Tuesday, March 25, 2014

Does the seller have to disclose defects to the property?

Under Virginia law Sellers are under no obligation to disclose defects to potential buyers, which is why it is critical that every buyer have a professional home inspection, pest inspection, and title search done during the due diligence/feasibility period of the contract.  Buyers must ensure the contract allows a way out of the purchase of the home should there be any significant defects.  In addition, just prior to closing, the Buyer should do a final walk through inspection to verify that there are no new defects, to confirm that the Seller left all personal property items (e.g. window treatments; appliances) that were included in the sale, and to see if all agreed repairs have been performed.

The answers given above have been prepared by the law firm of Jones & Walker, P.C. of Virginia Beach as general guidelines to common questions.  These answers do not constitute specific legal advice.  For a fuller explanation of many aspects of real estate sales and purchases, visit Jones & Walker’s website: www.jonesandwalker.com

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