The Massachusetts residential real estate purchase agreement (“residential purchase and sale agreement”) is a document used during the process of buying residential real estate. To begin the process, a potential buyer will outline the stipulations of their offer in the agreement and deliver it to the seller for assessment.
Required Seller Disclosures in Massachusetts
Residential real estate purchase agreements typically contain promises and provisions guaranteeing a property’s condition, safety, and/or value. In most states, sellers are required to provide a purchase agreement along with documentation that guarantees the property’s condition. However, Massachusetts law sets the responsibility on the buyer for determining if there are any issues with the property. This is known as:
Buyer beware/Caveat emptor. Massachusetts law does not require the seller to make any property guarantees unless they have knowledge of an issue that could affect the buyer’s health or safety. (§ 197A)