If you’re purchasing real estate in Virginia, state law provides you certain rights. You must be informed of any adverse condition of the property, and be furnished with a complete set of homeowner’s association documents.
If the property you’re buying has a well or septic system, new FHA guidelines require the owner provide certain documented assurances of safety and “good working order”. The guidelines call for an inspection of the septic system, and, in the case of a well, a water test which proves the absence of coliform bacteria, lead, or nitrates in the water.
If you have a realtor, he or she will advise you regarding these matters, but if you have any questions about the property you’re buying, the contract, or the settlement process, contact Settlements, Inc to discuss your concerns.