Get the free Virginia REALTORS Form SUM1 - Summary of Rights ...

SUMMARY OF RIGHTS AND OBLIGATIONS OF SELLERS AND PURCHASERS UNDER THE VIRGINIA RESIDENTIAL PROPERTY DISCLOSURE ACT Virginia's Residential Property Disclosure Act (the Act) (Virginia Code Sections

How to fill out virginia realtors form sum1

How to fill out virginia realtors form sum1

1. To fill out Virginia Realtors Form SUM1, follow these steps:
2. Start by entering the date in the 'Date' field at the top of the form.
3. Provide your name, address, phone number, and email address in the respective fields.
4. If applicable, enter the name and contact details of your real estate agent in the designated fields.
5. In the 'Property Information' section, fill in the details of the property being sold or leased, including the address, legal description, and tax map reference number.
6. Specify the type of transaction (sale or lease) and indicate the list price or lease amount.
7. Indicate any contingencies that should be included in the agreement, such as financing or inspection contingencies.
8. Verify the accuracy of the information provided and ensure all necessary signatures are obtained.
9. If additional space is required, attach any necessary addenda or exhibits to the form.
10. Review the completed form to make sure all fields are filled out correctly and legibly.
11. Finally, make copies of the signed form for all parties involved and retain them for your records.

Who needs virginia realtors form sum1?

1. Virginia Realtors Form SUM1 is required by individuals or entities involved in real estate transactions in Virginia.
2. This form is typically used by property sellers, buyers, landlords, and tenants, as well as their respective real estate agents or attorneys.
3. It helps to formalize the agreement and ensure that both parties have a clear understanding of the terms and conditions of the transaction.

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What is virginia realtors form sum1?

Virginia Realtors Form SUM1 is a Sales Agreement Unimproved Property.

Who is required to file virginia realtors form sum1?

Both the seller and the buyer are required to fill out and sign Virginia Realtors Form SUM1.

How to fill out virginia realtors form sum1?

Virginia Realtors Form SUM1 should be completed with accurate information about the unimproved property being sold, signed by both parties, and dated.

What is the purpose of virginia realtors form sum1?

The purpose of Virginia Realtors Form SUM1 is to outline the terms and conditions of the sale of unimproved property between the buyer and the seller.

What information must be reported on virginia realtors form sum1?

Information such as the property address, purchase price, deposit amount, financing details, and any contingencies must be reported on Virginia Realtors Form SUM1.