New Disclosure For Virginia Home Sellers in 2008
As of January, 1, 2008, a new disclosure comes into effect and is required for home sellers in Virginia to give to purchasers of their property. With the new disclosure, sellers will no longer have the choice of giving buyers a disclaimer form that says they make no representations about the condition of a property. However, the new "disclosure form" still says, in various ways, that the seller makes no warranties about the property and urges the buyer to rely on his own inspections. The disclosures are also supposed to include information about any pending enforcement actions alleging violations of building or zoning codes.
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