Mass. Homebuyers Are Gaining Power. Inspection Law Could Boost It
A new state law effectively banning the waiver of home inspections comes after power in the Massachusetts home-sales market spent much of the year ebbing away from sellers.
A new state law effectively banning the waiver of home inspections comes after power in the Massachusetts home-sales market spent much of the year ebbing away from sellers.
Starting today, Massachusetts home sellers aren’t be allowed to require buyers waive their right to an inspection. Lawmakers hope it levels the playing field.
Over the last 18 months, the rules of residential real estate have changed dramatically for Massachusetts agents. Brokerages and agents must invest in training – now.
Through the advocacy of GBREB and our partners, state housing officials made key revisions to the original regulations in order to make this new policy less restrictive and more feasible.
Under a new law, sellers or their agents are prohibited from selling a home on the condition that a buyer waives an inspection.
There’s a lot of give-and-take when it comes to buying a house. But perhaps the most important bargaining takes place over the report from the buyer’s home inspector.
“Contactless” home inspections, which work like a 3D virtual home tour, offer a new way to evaluate a home even in a high-pressure real estate market.
Nothing is more important in the sale of a house than an examination of the structure by an independent home inspector. But in today’s overheated selling frenzy, many buyers facing competition are crossing out the inspection clauses in their contracts.
If you are intent on buying a home during the pandemic, obtaining an appraisal shouldn’t stand in your way. But procuring a home inspection may be another question.
Anxious prospective homebuyers have found a workaround to waiving home inspection contingencies, asking inspectors to do condensed “pre-offer” inspections – which may not be legal, or of much value.
Homebuyers are doing whatever they can to become homeowners before their dream home disappears.
A changing regulation could stall closings after Dec. 1 if Realtors and homeowners don’t check smoke alarms before scheduling inspections.