Many Massachusetts residents are looking to take advantage of the current real estate market by selling their homes. If you are getting ready to sell your home, you want to make sure you do it right so you can walk away getting the most for your property while also ensuring you are legally protected. While Massachusetts is a buyer beware state, it doesn’t mean that sellers are completely off the hook when it comes to disclosing issues with their homes. Failing to disclose certain items can result in litigation down the line.
Massachusetts is actually pretty lax on disclosures compared to many other states. There are only a couple of items you are required to tell buyers upfront, such as lead paint and septic issues. Other than that, it is up to the buyer to ask questions. If they don’t ask, you don’t have to say anything.
With so few houses for sale right now, many buyers are waiving inspections and various contingencies to have their offers stand out to sellers. That is on them. If they wish to skip the inspection and fail to ask questions about the condition of the property, they have to accept what they get in the end. If they do have a concern and ask about it, though, you are required to be honest.
If you are getting ready to sell your home, either by yourself or with the assistance of an experienced real estate agent, how you go about it matters. If you have questions about disclosures or other legal issues that may arise, you can turn to an experienced real estate law attorney to get answers. With the right help in your corner, you can walk away from your home knowing you are protected should your buyer discover issues with the property later. To learn more about how legal counsel can help with the sale of your home, please take a moment and visit our firm’s website.