| Term | Definition |
|---|
| vendee | Purchaser. |
| vendor | Seller. |
| view ordinance | A law adopted by some cities or towns with desirable vistas--such as those in the mountains or overlooking the ocean--that protects a property owner from having his or her view obstructed by growing trees. View ordinances don't cover buildings or other structures that may block views. |
| virtual home tour | Any method used to provide internet users with a graphical presentation of a home, or homes. Presentations may include web pages, java applets, streaming video, panoramic images and bubble views. |
| void | Having no legal force or effect; legally invalid. |
| voidable | A contract which appears valid and enforceable on the surface, but may be declared invalid by one of the parties, such as a contract entered into by a minor. |
| waiver | The intentional or voluntary relinquishment of a known claim or right. |
| walk through | (1) A Buyer's on-site inspection of the property being purchased, just prior to closing. (2) A detailed inspection of a new construction home, in which punch list and cosmetic items are addressed, prior to final acceptance. |
| warranty deed | A type of deed that contains express assurances about the legal validity of the title being transferred. See general warranty deed andspecial warranty deed. |
| writ of execution | A court order which authorizes and directs the proper officer of the court (usually the sheriff) to carry into effect the judgment or decree of the court. |
