Real Estate Purchase Agreement Template - Virginia

A Virginia Real Estate Purchase Agreement is a formal document used by Virginia residents, individuals and businesses alike, to record the transfer of residential or commercial real property from one party (the seller) to the other (the buyer). To make the contract enforceable, two parties must identify themselves in writing, specify the house, apartment, or office space for sale, state the purchase price, date, and method of payment, list contingencies that may lead to the termination of the agreement after it becomes valid, decide which party will pay for the inspection of the real estate and closing costs, and add their signatures to express their understanding of all terms and conditions and intent to enter into a transaction.

Since there are no Virginia-specific forms for those who wish to sell or purchase real estate, you can make your own Virginia Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.

The seller must prepare and sign two supplemental forms before the sale and purchase contract is negotiated:

• Disclosure Statement - this document describes material issues with the real property to protect the former owner from any liability in the future;
• Lead Disclosure - if the residence was built before 1978, it is required to warn new owners and tenants about the hazardous lead-based paint used in the construction process.