Massachusetts Law Prohibits Waiving Home Inspections
A new law in Massachusetts bans buyers from waiving inspections when purchasing residential properties, aiming to provide homebuyers with greater 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 inspection rights to make a purchase offer more appealing.
- The Massachusetts law took effect on October 1, impacting transactions from that date forward.
The era of potential homebuyers waiving home inspections as a bargaining chip to outbid others is over.
This law aims to level the playing field and protect consumers in a challenging housing market.
Author's summary: Massachusetts law now requires home inspections.