West Virginia Real Estate Purchase Agreement

Last Updated: December 26, 2023 by Phil Ahn

West Virginia Real Estate Purchase Agreement Template_1 on iPropertyManagement.com

The West Virginia residential real estate purchase agreement (“real estate sales and purchase contract”) is used when placing an offer to purchase real estate. The agreement initiates the negotiation process by indicating the buyer’s offer to acquire the property.

Included in the offer will be the purchase price and additional conditions established by the buyer. The seller will have an assigned period in which they can respond to the offer before it expires. During this time, the seller may alter the terms by submitting to the buyer a counteroffer.

Do Sellers in West Virginia Have to Disclose Property Defects?

West Virginia does not require real estate sellers to disclose any material defects. Certain states do not require the seller to disclose all defects (caveat emptor), meaning the buyer assumes the responsibility to conduct a real property inspection to seek out any potential defects with the property. In those states, if a buyer fails to conduct a proper examination, they may not have a legal alternative to reverse the real estate transaction.   

While landlords in West Virginia are not required to disclose material defects, if the seller actively concealed latent defects or otherwise made material misrepresentations amounting to fraud, then they may be liable for damages or reversal of the real estate transaction.

Required Seller Disclosures in West Virginia

Although with any material defects with the property, sellers in West Virginia will also need to provide the following: