Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract - Virginia 2025

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the presence of nearby registered sexual offenders. whether the property is in a dam break inundation zone. the presence of any wastewater system on the property. any right to or use solar energy collection devices on the property.
Yes, all sales (even foreclosure sales) require disclosure. No, transfers resulting from foreclosure sale are exempt.
The Act applies to all sales of residential real property consisting of not less than one dwelling unit, but not more than four dwelling units. The Act applies even if real estate agents are not involved in the sale. The disclosure form required in Tennessee is lengthy, detailed and comprehensive.

People also ask

Real estate licensees in Virginia are required by law to make prompt written disclosure of any brokerage relationship to members of the public who are unrepresented. Licensees must also make written disclosures and obtain timely written consents from their clients before entering into other brokerage relationships.
The Virginia Residential Property Disclosure Act ( 55.1-700 et seq. of the Code of Virginia) governs the information owners must disclose to prospective purchasers of residential real property. Certain residential property transfers are excluded from the requirements (see 55.1-702).
the presence of nearby registered sexual offenders. whether the property is in a dam break inundation zone. the presence of any wastewater system on the property. any right to or use solar energy collection devices on the property.
The Virginia Residential Property Disclosure Act ( 55.1-700 et seq. of the Code of Virginia) governs the information owners must disclose to prospective purchasers of residential real property. Certain residential property transfers are excluded from the requirements (see 55.1-702).
The owner of the residential real property shall furnish to a purchaser a residential property disclosure statement for the buyer to beware of certain matters that may affect the buyers decision to purchase such real property.

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