Convert To Word Legal Virginia Offer To Purchase Forms For Free

You may cancel this contract, without any penalty or obligation, at any time prior to midnight of the third business day after the date the contract is signed. If you cancel, any payment made by you under this contract will be returned within ten days following receipt by the seller of your cancellation notice.

But as an as-is home seller, you won't make any repairs. The buyer has to accept the property as is. Remember, Virginia laws require sellers to maintain the property till the closing as it was on the effective date of the contract.

How to draft a purchase agreement Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

What is An As-Is Clause? An 'As-Is' clause is a type of contact clause used in a real estate agreement. It's effectively a disclaimer that tells the buyer they are purchasing a real estate property under their own judgment, and not based on the representation or statement of the seller.

(1) Except as provided in subsection (5), in addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase which complies with § 59.1-21.4.

For example, this can be to rent a property, to create a website, to not disclose information, etc. Obligations: Agreements should explicitly state the obligations of each party in terms of delivery, performance, and payments.