material adverse facts

Buyer Beware

Buyer Beware

“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 […]

“Buyer Beware” Inspections

“Buyer Beware” Inspections

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 […]