The Virginia Homebuyer's Manual
Prepared by the Real Estate Section of The Virginia Bar Association
Joseph W. Richmond, Jr., Editor
The Virginia Homebuyer's Manual is a project of the Real Estate Section of The Virginia Bar
Association. Opinions expressed herein are those of the authors and do not necessarily represent the
views of The Virginia Bar Association or any of the organizations whose representatives reviewed and
commented upon the manual prior to its publication. We gratefully acknowledge the financial support of
the Virginia Law Foundation.
Copyright 1991, 1994, 2000 by The Virginia Bar Association
All rights reserved. Printed in the United States of America.
This book, or parts thereof, may not be reproduced in any form
without attribution to The Virginia Bar Association.
TABLE OF CONTENTS
Chapter One: An Introduction to the Home Buying Process
Chapter Two: Beginning the Process
Chapter Three: Negotiating and Executing a Contract for Purchase
Chapter Four: Between Contract and Closing
Chapter Five: Closing
Chapter Six: Financing
Chapter Seven: Title to Your Home
Chapter Eight: Special Situations
Names and Addresses of Regulatory Agencies and Trade Organizations
This manual is intended to provide information of a general nature. The goal is to acquaint the reader
with some of the issues which may be important or helpful in purchasing a home in Virginia. Certain
exceptions to general rules have been omitted. Furthermore, there may be issues which are important to a
particular reader. Accordingly, the material in this manual will not
necessarily be totally applicable or complete with respect to any particular situation or transaction. While
the manual is intended to be helpful in giving information and raising questions, it is not intended as, nor
can it be considered or used as, a substitute for the advice of an attorney or other appropriate advisor on
the subject of the purchase of a home.
The material contained in this manual is