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Minimal sellerdisclosures. Virginia requires a seller to disclose material defects , but not latent defects. Real estate experts recommend considering the following tactics to get a leg up in the current market: Include a sizable earnestmoneydeposit with your offer.
It typically lasts 10-30 days but can vary depending on your agreement with the seller and the type of real estate asset you purchase. For example, a 30-day due diligence period is more typical in commercial real estate. You cant rely solely on the sellersdisclosures. You might also face legal action from the seller.
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