In Virginia, you can get out of a real estate contract if the agreement includes valid contingencies such as inspection, financing, appraisal, or title and those contingencies are not satisfied or are properly exercised within the required time limits, giving you a contractual right to terminate. You also may cancel if the seller materially breaches the contract or fails to comply with disclosure obligations under the Virginia Residential Property Disclosure Act Va. Code § 55.1-700.
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The information for this answer was found on our Virginia Real Estate Purchase Agreement answers.