Massachusetts Law Prohibits Waiving Inspections in Residential Property Purchases
A new law in Massachusetts bans buyers from waiving inspections when buying residential properties, aiming to provide homebuyers with more protection.
A licensed home inspection provides crucial information that informs homebuyers' decisions when closing on a home, according to housing experts.
- The law prohibits the practice of waiving the right to an inspection to make a purchase offer more enticing.
- The Massachusetts law came into effect on October 1.
The era of potential homebuyers waiving home inspections as a bargaining chip to outbid others is over.
The law aims to level the playing field and protect consumers in a tough housing market.
Author's summary: Massachusetts law now requires home inspections.