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Tenants' Rights
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Landlords
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Home Ownership
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Virginia Real Estate
Real estate transactions are governed
by a wide body of federal statutes and Virginia state
statutory and common law. The Federal Fair Housing Act
prohibits discrimination in real estate transactions on
account of race, color, religion, sex, or national origin.
The agreement to sell between a buyer and seller of real
estate is governed by the general principles of Virginia
contract law.
Before you buy a piece of property it is
important that you make sure the owner has actual title.
A local title insurance company can be used to investigate
whether the title is, indeed, marketable. Title insurance
companies also insure the buyer against losses caused
by the title being invalid.
In order to pass title, a deed with a proper
description of the land must be executed and delivered.
Some states require that the deed be officially recorded
to establish ownership of the property and/or provide
notice of its transfer to subsequent purchasers.
The most common method of financing real
estate transactions is through a mortgage. Buying a home
can be a stressful time, whether it is your first starter
home, the home of your dreams or an investment property.
Having someone on your side who knows the right questions
to ask and insures that you make the best decisions is
essential. The law firm of Grenadier, Anderson, Starace
& Duffett P.C. is here to support you through your
real estate ventures.
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