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Top 10 Real Estate MythsSeptic Inspections Top 10 Real Estate Myths 1. Oftentimes it is necessary for buyer's Home Inspector to poke holes in walls, dig up around foundation, pull up flooring, remove ceiling tiles, and even remove underlaying insulation in attic - in order to perform his duties properly. 2. Homes with more than 25 acres can deduct on taxes (per Form 1048-F) the land, less 5 acres for homesite - claiming running agricultural concern. 3. Pulling land out of conservation easements is relatively easy, but buyer would need to pay State a 20% land-use-change levy upon successful transfer of ownership. 4. Buyer agency fees are paid by seller. However, it is customary in Virginia to offer an additional "Good Service and Merit" fee to Broker upon transaction close - (usually 1.5... 12/03/2013

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