Sandra is selling her single-family home in Morgantown, West Virginia. Under the West Virginia Residential Property Disclosure Act, when must Sandra provide the completed disclosure form to a prospective buyer?
Correct Answer
A) Prior to the buyer making an offer on the property
Under the West Virginia Residential Property Disclosure Act (W. Va. Code § 36B-1-1 et seq.), the seller must provide the completed disclosure form to the buyer prior to the buyer making an offer. This ensures buyers have full knowledge of known material defects before committing to a purchase.
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Related Topics & Key Terms
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Related Concepts
Flood zone disclosure requires informing buyers whether a property is located in a designated flood zone as mapped by FEMA. Properties in high-risk flood zones may require mandatory flood insurance.
HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.
The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."
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