West Virginia Purchase And Sale Agreement

The contract contains detailed information about the seller and buyer of real estate; the description of the property; the purchase price and the serious money of the contract; the type of funding; Conditions of ownership, etc. The contract is very detailed because it is signed without the services of a broker. This document has the force of law and is very useful in case of disputes between the parties. Buyer`s Warning (§30-40-19) – The State of West Virginia is categorized as a “Caveat Emptor,” which effectively translates to “let the buyer take care.” The term refers to the protection afforded to the seller of the property after a transaction has taken place and the property has changed hands. The law does not allow a seller to be misleading when disclosing problems they are aware of, but it does place the onus on the buyer to inspect the home before buying more. However, West Virginia law establishes the buyer`s responsibility to determine if there are any problems with the property. This is called: A contract for the purchase and sale of residential real estate in West Virginia is a contract used by a potential buyer during an offer to purchase an apartment. .