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Do you have to disclose mold when selling a house in Virginia?

Do you have to disclose mold when selling a house in Virginia? No. A seller makes no representations regarding the condition of the property as stated in the Residential Property Disclosure Form. It is the buyers duty to carry out the mold inspection process.

Is Virginia a mandatory disclosure state?

You, as the seller, must provide your signed disclosures to the buyer before accepting the purchase offer and signing onto a binding contract. If a seller fails to do this, the buyer may void the contract within days of receiving the disclosure. (For details, see Code of Virginia 55-1-709.)

What does RPD stand for in real estate?

13.04. RPD RESIDENTIAL PLANNED DEVELOPMENT DISTRICTS. SEC. 13.05.

What is the Virginia property Disclosure Act?

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).

Does Virginia have due diligence?

Virginia Due Diligence Requirements Virginia requires holders to send due diligence notifications for any property with a value of $100 or more. Due diligence letters must be sent each reporting cycle to the apparent owner at the last known address at least 60 days prior to the reporting deadline.

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