People in Massachusetts looking to buy a home have many options available. A short sale is an option that offers you potential benefits but could also involve some common pitfalls.
There is almost nothing more frustrating about buying your dream home than later discovering there are problems with the house you did not know about during the purchase. If you buy a fixer-upper, you may already know that there are issues with the house that need addressing. However, not everyone would want the challenge or expense of buying a home with existing construction issues. You and other Massachusetts residents may be interested in learning about construction defect complications.
Buying residential real estate in Massachusetts is different than it is in most other areas of the country. Most states allow real estate agents to draw up legal documents, such as home purchase agreements, involved in routine transactions. In these areas of the country, most homebuyers dispense with real estate attorneys except in special situations in which legal issues arise that complicate the transaction.