Yes, there is a time limit, but it is a generous one. The lawsuit must be started within the "statute of limitations" or SOL. (When you must start the lawsuit effectively determines how long you have to claim damages, since once you can no longer sue, your claim is unenforceable.) The SOL in your state (WV) for a claim based on breach of a written contract is 10 years, so the seller has up to a decade from the breach to seek compensation.
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