For an ideal gas, it is assumed that gas molecules have no volume. For real gases though, those gas molecules do take up volume so the actual volume is never as much as you would predict for the ideal gas.
Example: if you double the pressure with all else constant, then for an ideal gas, the volume should be halved. However, for a real gas, the volume of the molecules themselves don't change. Therefore, doubling the pressure should cause the volume to be a little more than half.
For real gases and pressure, the a factor you mentioned in "Pobs+an^2/V^2" depends on whether the molecules have an attractive or repulsive force on each other. If the molecules are attracted to each other, then a is positive because the molecules will not collide with the wall of the container as much since they are attracted to each other. Therefore, the observed pressure will be a little low so the "an^2/V^2" is positive. If the molecules were repulsive, then a would be negative. This makes sense because if the repulsive molecules would repel each other and thus hit the walls of the container more often than we would expect.