“Caveat emptor” is Latin for “let the buyer beware.” The state of Virginia supports this concept in real estate transactions. Sellers Sellers are not required to disclose any material adverse facts for their home. However, defects cannot be hidden or covered up. For example, let’s say there is a leak in the roof causing major […]
Whether purchasing your first home or fourth, buyers need to investigate a number of avenues before closing a deal. As part of Virginia’s “caveat emptor” (or buyer beware) clause, it is up to the buyers to do their due diligence in determining all material adverse facts. The 3 most well common inspections include: Home […]
As part of a buyer’s due diligence to inspect all areas of a home before buying, I recommend completing a termite/moisture inspection. This is to determine there are no moisture problems in or under the home, including moisture damaged wood or standing water. The inspector also checks for active wood-damaging insects or unrepaired damage. Sellers […]
One commonly negotiated contingency in a purchase offer is having a thorough home inspection. Although it would be thrilling to find a perfect home with no concerns, unfortunately, they don’t exist! A home inspection is a visual inspection of readily accessible areas and components to determine condition of major systems, structure, and other operations. Most […]