It will be to the prospective purchaser's advantage to submit an offer at or above the listed sales price. The CEF is currently .95 percent. The current interest rate on new vendee accounts is 7 percent. Many homes built before 1978 may contain lead-based paint. These properties may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning.
Lead exposure can also pose a risk to pregnant women.
The only way to assure yourself that a property does not pose such a risk is to have the property tested by a trained professional for the presence of lead-based paint. The purchaser is responsible for ordering, and will bear the expense of, any risk assessment or inspection obtained under this contingency. To comply with the North Carolina Residential Property Disclosure Act, VA will provide copies of the Residential Property Disclosure Statement to the prospective buyer with the offer selection letter. Although VA will make no representations on the form, the buyer must sign and return it to VA to complete the transaction. VA will continue to disclose known items that need to be repaired and that may not be readily apparent to an observer.