Residential Property Disclosure and Disclaimer Statement

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Do you have to disclose mice when selling a house in Massachusetts?

Chapter 93A of Massachusetts Consumer Protection Act requires such professionals to voluntarily disclose any fact that may influence the buyer not to purchase the agreement.

What needs to be disclosed when selling a house in Massachusetts?

Although a disclosure statement is not required, the state does mandate the disclosure of two types of information to any prospective buyer: the existence and hazards of lead paint, and the presence of a septic system on the property. Sellers in Massachusetts must disclose the presence of lead to prospective buyers.

Can a buyer back out of an accepted offer in Massachusetts?

Massachusetts offer also typically have a specific expiration date and time. When a buyer submits a written offer, it will be a binding contract if signed by the seller before the expiration time. At any time before it is accepted by the seller, the buyer may rescind their offer.

What do you have to disclose when selling a house Massachusetts?

Although a disclosure statement is not required, the state does mandate the disclosure of two types of information to any prospective buyer: the existence and hazards of lead paint, and the presence of a septic system on the property. Sellers in Massachusetts must disclose the presence of lead to prospective buyers.

Are houses cheaper if someone died in them?

How Can a Death Affect Property Value? Non-natural deaths\u2014such as a homicide or suicide\u2014in a house can decrease the property's value by 10% to 25%, according to Randall Bell, an expert in real estate damage economics and valuation with Landmark Research Group LLC in Dana Point, California.

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What needs to be disclosed when selling a house in Massachusetts?

Although a disclosure statement is not required, the state does mandate the disclosure of two types of information to any prospective buyer: the existence and hazards of lead paint, and the presence of a septic system on the property. Sellers in Massachusetts must disclose the presence of lead to prospective buyers.

Do you have to disclose a death in a house in Massachusetts?

Under Massachusetts law, real estate professionals are not required to disclose if a property was the site of a murder, suicide, or felony \u2014 this even includes the alleged sighting of paranormal activity.

Can I sell my house without a realtor in Massachusetts?

Can I sell a house without a realtor in Massachusetts? Yes, but this might not be the best option for you. If you need to sell quickly, aren't familiar with the local real estate market, or don't have the time to market your property, working with an agent could be the right choice.

Do you have to declare if someone died in your house?

It is a legal requirement under the Consumer Protection from Unfair Trading Regulations (or CPR's), that estate agents and property vendors alike have to disclose any information that could either effect or decrease the value of a property. This does include both murder and suicide in the property.

Who prepares the purchase and sale agreement in Massachusetts?

The seller's agent or attorney will draft the Purchase and Sale Agreement (P&S). This is the more binding legal document that is the official contract to purchase the home. It is a \u201ccookie cutter\u201d type standard document. 2.

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Do you have to disclose mice when selling a house in Massachusetts?

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What do you have to disclose when selling a house Massachusetts?

Are houses cheaper if someone died in them?

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What needs to be disclosed when selling a house in Massachusetts?

Do you have to disclose a death in a house in Massachusetts?

Can I sell my house without a realtor in Massachusetts?

Do you have to declare if someone died in your house?

Who prepares the purchase and sale agreement in Massachusetts?

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