Making an offer, inspections, financing and closing. Massachusetts articles from the regional hub.
Under M.G.L. c. 188, every Massachusetts owner-occupant gets $125,000 of automatic homestead protection. Recording a declaration of homestead at the Registry of Deeds raises it to $1,000,000.
Before you sign a Purchase and Sale Agreement on a Massachusetts home built before 1978, you must get the Property Transfer Lead Paint Notification. You then have at least 10 days to get a lead inspection.
MassHousing offers income-eligible first-time homebuyers down payment assistance of up to $30,000, paired with a MassHousing mortgage, in every Massachusetts city and town. Homebuyer education is required.
Massachusetts home sales usually have two contracts: the Offer to Purchase and the Purchase and Sale Agreement. A signed offer can be binding on its own, so read it before you sign.
Massachusetts has no mandatory statewide seller disclosure form. Sellers still owe the lead paint notification, Title 5 reports and honest answers, and agents must disclose known material defects.
Lyn Robinson — Lyn Robinson Real Estate, LLC
Massachusetts real estate broker, REALTOR and real estate instructor based in Blackstone, and a Seniors Real Estate Specialist (SRES). Serving Blackstone, Bellingham, Milford, Franklin, Uxbridge and nearby towns.
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