Tag Archives: disclosure
Four Corners Principle
As a Buyer’s Agent, I can tell you about what is contained within the four corners of the property and can (and do with the appropriate caveats) speculate about what may happen outside those four corners.
Heck, I heard a story last week about people who had moved into the City of Charlottesville thinking that they were moving into the County of Albemarle. (I don’t think those folks had representation) Check, check and double check everything.
This stuck out to me in the HooK this week:
Almost as soon as she moved here in 2006 and bought a three-acre
New Disclosure Form and No Texting
Both new laws are consequential, both for vastly different reasons, and both affect Realtors (and consumers) in Virginia.
First, The Residential Property Disclosure Act:
Virginia Residential Property Disclosure Act; disclosure of stormwater detention facilities. Provides that an owner of real property makes no representations with respect to the presence of any stormwater detention facilities located on the property and that purchasers are advised to exercise whatever due diligence they deem necessary to determine the presence of any stormwater detention facilities on the property, in accordance with terms and conditions as may be contained in the real estate purchase contract,
