For your convenience, the complete English version of this form is attached below the Spanish version. This form is a Sellers Disclosure and Disclaimer Statement for use in a residential sales transaction. This statement concerns the condition of property and is completed by the Seller. Though this form is valid in many states, your state may require a specific disclosure form. It is your duty to confirm you are meeting your legal obligations.
West Virginia Declaracion de Descargo de Responsabilidad y Descripcion de una Propiedad Residencial. Residential Property Disclosure and Disclaimer Statement
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Multi-State
Control #:
US-37014-SPAN
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Word;
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Description
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. Se trata de una declaración y denegación de responsabilidades por parte del vendedor, para ser utilizada en una transacción de compraventa de inmuebles para la vivienda. Esta declaración se refiere a la condición de la propiedad y es el Vendedor quien debe completarla. Aunque este formulario es válido en muchos estados, el suyo quizá pueda exigir un formulario específico. Queda bajo su responsabilidad corroborar que cumple con sus obligaciones legales.
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How to fill out Declaracion De Descargo De Responsabilidad Y Descripcion De Una Propiedad Residencial. Residential Property Disclosure And Disclaimer Statement?
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FAQ
Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.
West Virginia does not have law that requires you to give a formal disclosure statement to a potential buyer of your house. West Virginia courts enforce caveat emptor clauses in purchase contracts.
No one wants to discover that their dream home has nightmarish defects, especially after the real estate transaction has already gone down. This is considered a breach of contract, and you have legal rights. A demand letter can explain what you need to be fixed or the money you want to be returned to you.
There are exceptions where no disclosure statement is required, including in sales or transfers between co-owners or between blood relatives or divorcing spouses, or in certain tax, bankruptcy, trust, and foreclosure sales. (See Code of Virginia § 55.1-702.)
Caveat emptor ? buyer beware. Since Virginia is a caveat emptor state, it is mostly up to buyers to inspect the home and negotiate any necessary repairs to be made to the property before purchasing it from the seller.
The owner of the residential real property shall furnish to a purchaser a residential property disclosure statement for the buyer to beware of certain matters that may affect the buyer's decision to purchase such real property. Such statement shall be provided by the Real Estate Board on its website.
A home inspector's obligations are narrow, and inspection reports typically contain a variety of limitations on liability and detailed descriptions limiting the scope of the inspection. As a Virginia home buyer, you are generally assuming responsibility for any problems you find with the condition of the home later on.
A material defect is a specific issue with a system or component of a residential property that may have a significant, adverse impact on the value of the property, or that poses an unreasonable risk to people.