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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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the property address in the designated field at the top of the form.
  3. Fill in the purchase price of the property in the corresponding section, ensuring accuracy for clarity.
  4. Input the interest rate charged under the contract in the next field, which is crucial for understanding financing terms.
  5. Estimate and enter the dollar amount of interest charged for the term of the contract, especially if it varies over time.
  6. Complete the total amount of principal and interest to be paid under the contract, providing a comprehensive financial overview.
  7. Indicate any late charges that may apply under this contract, if applicable.
  8. Finally, confirm that no prepayment penalty will be charged if full payment is made before due dates.
  9. Sign and date where indicated for both seller and purchaser to finalize this disclosure.

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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.
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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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