Virginia Purchase Agreement
Free Virginia Residential Purchase Agreement Generator
Step-by-step Virginia Residential Contract of Purchase generator. Virginia's Residential Property Disclosure Act requires sellers to either complete a disclosure or provide a disclaimer statement. This generator covers VA-specific requirements and contingency options.
Who are the parties?
Enter the buyer(s) and seller(s) for your Virginia transaction.
Property Information
Enter the property details. Most states require specific seller disclosures about known material defects — this generator includes state-appropriate disclosure options in the addendums section.
Purchase Terms
Set the financial terms. In Virginia, the earnest money deposit demonstrates your good-faith intent to purchase and is typically held by a title company or escrow agent. Standard closing is 30-45 days from contract acceptance.
Choose Your Contingencies
Contingencies protect your earnest money deposit. Each gives you the right to cancel the contract and recover your deposit if the condition isn't met. Click each card to learn the pros and cons.
Professional home inspection to identify structural, mechanical, and safety issues.
Protects your earnest money if your mortgage loan is denied. You must make good-faith efforts to secure financing.
Ensures the property appraises at or above the purchase price. Required for most mortgage loans.
Ensures seller delivers clear, marketable title free of liens, judgments, or ownership disputes.
Addendums & Virginia Disclosures
Select the appropriate disclosures and addendums for your transaction. Click each to learn when it's required.
Additional Terms & Special Provisions
Add any special terms, repair agreements, included/excluded items, or negotiated provisions.
Review & Generate Your Purchase Agreement
You've completed all sections. Review your choices before generating your document.
Your Virginia Purchase Agreement
Your Virginia Residential Purchase Agreement is ready. Print it or save as PDF. Have it reviewed by a qualified real estate attorney before signing.
Virginia Purchase Agreement FAQs
What are common contingencies in a Virginia purchase agreement?
Most Virginia purchase agreements include inspection, financing, and appraisal contingencies. The inspection contingency gives you the right to have a professional inspect the property and negotiate repairs or cancel. The financing contingency protects your earnest money if your loan falls through. Always consult with a local real estate professional about which contingencies are standard in your market.
Are seller disclosures required in Virginia?
Yes. Virginia requires sellers to disclose known material defects about the property. The specific form and requirements vary. Have your real estate agent or attorney guide you on the correct disclosure form for your transaction.
What is the typical earnest money deposit in Virginia?
Earnest money deposits in Virginia typically range from 1% to 3% of the purchase price. This deposit demonstrates good faith and is held in escrow until closing. The exact amount is negotiable between buyer and seller. Higher deposits can make your offer more competitive in multiple-offer situations.
Do I need a real estate attorney for closing in Virginia?
Whether you need a real estate attorney depends on Virginia law and local custom. Some states require attorney review or representation at closing, while others primarily use title companies. Regardless of legal requirements, having an attorney review your purchase agreement is always recommended to protect your interests.
How long does it take to close on a house in Virginia?
A typical real estate closing in Virginia takes 30 to 45 days from contract acceptance. The timeline can vary based on financing type, inspection results, appraisal scheduling, and title search completion. Cash transactions may close in as little as 14 days. Your purchase agreement should specify the target closing date.
