In the process of buying or selling a home in Virginia, the Virginia Association of Realtors® Home Inspection Removal of Contingency Addendum plays a pivotal role in ensuring that both parties agree on the condition of the property and the responsibilities for repairs before the final sale. Drafted on a specified date, this addendum supplements the original Sales Contract with a focus on the outcomes of the home inspection. It outlines the agreement between the purchaser and the seller concerning any deficiencies found during the inspection, stipulating the repairs or remedies the purchaser requires and the seller's commitment to address these issues. Importantly, it specifies that any agreed-upon repairs must be carried out by qualified professionals, with evidence of the completed work provided to the purchaser, typically before the final walk-through inspection. This document serves as a crucial communication tool, ensuring transparency and understanding by attaching a complete inspection report for review, and detailing both parties' consent to move forward with the sale under the agreed conditions. Furthermore, it highlights the legal framework within which Virginia real estate transactions occur, underscored by its exclusive availability to members in good standing of the Virginia Association of Realtors® and the prohibition against unauthorized reproduction.
| Question | Answer |
|---|---|
| Form Name | Virginia Home Inspection Addendum Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | va contingency addendum, inspection addendum, var addendum, inspection removal contingency addendum |