In many transactions there is always a question about what conveys with the house. One of the biggest disagreements is over Fixtures and Personal Property. It is important to discuss up front with your listing agent special items that you want to take with you or things that you will be leaving. If you cant simply unplug something and walk out with it, it is considered part of the structure. Legal definition of a fixture: any physical property that is permanently attached to real property. If you remove the item it would cause permanent damage or changes the character of the property from what the buyer saw when they contracted it.
With any transaction there are certain fees that go with each purchase or sale. We have teamed up with movement mortgage to refund money based on these fees. So at closing they only need to bring the money they are putting down and no other out of pocket fees. With VA loans, they can actually get money back at closing and pay nothing out of pocket. We try to get you as much money back based on each loan, some loans won’t allow cash to be given back so instead we refund you for appraisal and survey fees etc. We will work with you to save you as much as we can through various rebate programs and promotions!
If the seller has already accepted a contract they cannot get out of the listing contract. Typically a provision that they go for a certain amount of time, unless the agency lets you out in writing, then you’re obligated to pay the commission even if you find a buyer yourself. CRRE will cut a special deal for you. If you sell the house to anyone who has seen the house within the listing agreement or within 90 days of the listing agreement then you’re obligated to pay the commission fee.
Survey Issues, Septic & Well Issues, Items that do or do not convey, Termite & moisture issues, Buyer Possession Agreements, Credible Lenders, Liens on the Property, How to read the fine print, short sale nightmares and much more!!! Everything you ever needed to know about real estate closings in 30 minutes.
Virginia is a BUYER BEWARE state, meaning that a buyer must do their due diligence and get a potential home inspected for any possible damages or concerns. “While sellers can’t lie outright or actively conceal a problem, and must honestly answer prospective buyers questions when asked, they aren’t obligated to point out the home’s flaws or defects to buyers.”
The seller and the seller’s agent are not responsible for disclosing every small detail on the property. Here a few examples of what must be disclosed and what can be left out to potential buyers based on whether the agent must disclose and/or if the seller must disclose.
Depending on the situation we have found ways of getting the banks to pay for repairs!