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Virginia Residential Purchase Agreement

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Updated July 17, 2025

A Virginia residential purchase agreement is used by a potential buyer to make an official offer to purchase a property. The document outlines the buyer's initial terms which the seller must respond to within a specific period or the offer will become invalid. It becomes legally binding once signed by both the seller and buyer.

State Laws

Seller Duties – The seller must provide the buyer with a residential property disclosure statement stating that they do not make any representation or warranty about various aspects of the property, including material conditions, proximity to any wastewater system, location in a special flood hazard area, and more.[1]

Buyer Rights – If the required disclosures are delivered to the buyer after the residential purchase contract has been executed, the buyer can terminate the contract within three days if the disclosure was delivered in person or electronically, or within five days if delivered by mail.[2]

Seller’s Disclosures (11)

Residential Property Disclosure Statement and Acknowledgment (required) – A property disclosure that protects the seller from certain liabilities. Sellers are required to provide the disclosure to buyers unless specifically exempt. In addition, the parties must sign and acknowledge each has exercised their rights.

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Building Code or Zoning Ordinance Violations Disclosure (conditional) – Notifies the buyer that the seller has knowledge of an impending building code violation or local zoning ordinance.[3]

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Flood Risk Information Form (conditional) – Provides property owners and potential property owners with information regarding flood risk.[4]

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Military Air Installation Disclosure (conditional) – Informs buyers that a home is located in a military air zone which has increased noise levels (view maps).[5]

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Privately Owned Stormwater Management Facility Disclosure (conditional) – If a seller has a known private stormwater management facility on the property, they must disclose the long-term maintenance and inspection requirements of the facility.[6]

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Methamphetamine Disclosure (conditional) – Discloses to buyers that the residential property was previously used to produce methamphetamine and that the home has yet to be cleaned according to State health procedures.[7]

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Repetitive Risk-Loss Disclosure Statement (conditional)  – “Repetitive risk loss” refers to two or more claims of at least $1,000 or more by the National Flood Insurance Program for any rolling 10-year period.[8]

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Septic System Disclosure (conditional)  – A statement informing the buyer that a home’s septic system is faulty and that it must be repaired once they acquire the property.[9]

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Lead-Based Paint Disclosure (conditional) – Buyers acquiring any home built before 1978 must be provided with this disclosure to divulge the property’s history of hazardous lead-based paint.[10]

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Lead-Based Paint Pamphlet (conditional) – Gives general information about lead-based paint for properties built before 1978.[11]

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Sample

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