Buying a home is supposed to be an exciting thing. Unfortunately, the excitement can quickly wear off when problems with the property are found after all the closing documents are signed. You thought you did everything right and asked all the right questions, but you’ve since discovered the information given to you from the seller or their realtor was not truthful. Do you have any recourse?
Disclosure laws in Massachusetts
Massachusetts real estate laws regarding disclosures are pretty lax. There are very few things property owners are required to disclose to potential buyers. Unless buyers ask, sellers are not legally required to say much of anything about the condition of the property.
They must be honest, though
While, in Massachusetts, there may be no official disclosure form given to the buyer, a seller or their realtor does have to answer any questions a buyer has about the condition of the property. When answering, they do have to tell the truth. Failure to do so is illegal and could give rise to legal action being taken against them.
Seek compensation
Buyers who have been lied to by sellers or realtors in Massachusetts may have legal recourse. They may file civil actions against the responsible party to seek damages for any resulting losses. Some of these cases can be settled through out-of-court negotiations, and some will require litigation. Either way, an experienced real estate law attorney can stand by the buyer and help them seek maximum compensation for any documented damages the state deems recoverable. To learn more, please take a moment and visit our firm’s website.
