Real Estate Law in Virginia

Virginia does not mandate attorney involvement for real estate closings, though attorneys frequently participate. Closing fees range from $700-$2,000. Virginia has a grantor's tax (transfer tax) of $1 per $1,000 of sale price plus a regional congestion relief fee of $0.15 per $100 in Northern Virginia and Hampton Roads. Property tax rates vary dramatically — rural counties charge $0.40-$0.80 per $100 assessed value while Northern Virginia rates reach $1.00-$1.25 per $100. Virginia requires seller property condition disclosures. The state's diverse real estate market ranges from multimillion-dollar homes in McLean and Great Falls to affordable properties in Appalachian Virginia. Title insurance is standard and attorneys typically handle settlement through title companies.