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Acquisition

WVU entertains the consideration of purchasing properties for the expansion of campus functions. As a state agency, WVU cannot pay remainder year taxes; therefore this cost must be considered in the sale price with payment remaining the obligation of the seller. Also, it is beneficial for the seller’s legal representative to act as the closing agent for financial distribution at the property closing. The Real Estate office negotiates purchases to the point of verbal agreement of terms and conditions then coordinates with WVU Legal Counsel for the creation of a purchase agreement; thereafter, Legal Counsel manages the acquisition process through to property closing.

Office of the Vice President for Administration and Finance