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Using the condo docs to cancel purchase in Virginia?

February 19, 2014 by Are Andresen

Cancelling home purchase using condominium documents?In Virginia, a purchaser of a home in a condominium (or a homeowner association) has a right to review certain documents pertaining to the home. A purchaser also has a right to cancel the contract within a given time frame if those documents are not satisfactory to them.

The disclosure package typically includes the rules and regulations of the association, status of the reserve funds, the budget, outstanding fees, violations for the property you are purchasing, pending lawsuits as well as the recent minutes of board meetings at the association.

It is very important that you receive and review thoroughly the “resale package”. After you receive the package your time to act is limited. You may have 3 days or you may have 5 (or some other time limit) – the time you have to review the documents is dependent on when and how the resale package is received (see more at: http://soldsense.com/2014/02/19/can-i-use-the-condo-docs-to-cancel-my-contract-in-virginia/ )

Filed Under: Uncategorized Tagged With: Condominiums

Tysons Corner Condominiums

Encore of McLean, Fountains at McLean, Gates of McLean, Gates of West Falls, Halstead At The Metro, Idylwood Towers, Lillian Court at Tysons, McLean Chase, McLean Hills, Morgan At McLean, New Providence Village, One Park Crest, Regency at McLean, Renaissance 2230, Rotonda, The Colonies, The Pavilion, The Village, The Westerlies, Westbriar, Westwood Village, Wilton House

Tysons Corner Townhomes

Amberwood, Battery Park, Brentwood Courts, Chestnut Place Towns, Dunn Loring Village, Hallcrest Heights, Marshall Heights, Metro Place at Dunn Loring, Providence Park, Reserve At Tysons Corner, Tysons Village

Tysons Corner Single Family Homes

Arden Oaks, Blitz Property, Centerside, Dunn Loring Woods, Falls Hill, Pimmit Hills, Stonewall Manor, Tysons Green, Vienna Woods

Soldsense Realty LLC
Vienna, VA 22182
Licensed in Virginia

Broker: Are Andresen
Phone: 703 560-3424
Website: http://soldsense.com

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