The Legal Requirement for Home Inspection Brochures in Massachusetts
In the state of Massachusetts, the law demands that prospective buyers of a property be provided with a home inspection brochure. This brochure contains useful information that helps the buyer to be well-informed about the property they intend to buy. As a potential homebuyer, it’s important to have as much information as possible about the home you intend to buy, so that you can make an informed decision. The home inspection brochure provides valuable information that helps you understand the condition of the home, and any issues that need to be addressed.Massachusetts General Laws Chapter 112 Section 87YY: Understanding the Law
The law that governs the distribution of home inspection brochures in Massachusetts is Massachusetts General Laws Chapter 112 Section 87YY. This law stipulates that all real estate brokers and salespersons in the state are required to provide home inspection brochures to any prospective buyer at the time when the contract is first executed. The purpose of the law is to ensure that homebuyers are well-informed about the property they intend to purchase, and to protect them from any liabilities that may arise as a result of purchasing a home that has issues.Who is Responsible for Distributing Home Inspection Brochures in Massachusetts?
The responsibility of distributing home inspection brochures in Massachusetts falls on real estate brokers and salespersons. They are required by law to ensure that all prospective homebuyers are provided with a copy of the brochure when the contract is first executed. Failure to provide the brochure could result in serious legal consequences for the real estate broker or salesperson.Timing of the Home Inspection Brochure Distribution in Massachusetts
According to the law, home inspection brochures in Massachusetts must be provided at the time when the contract is first executed. This means that the real estate broker or salesperson must ensure that the prospective homebuyer receives a copy of the brochure at the time when they sign the contract. This is a critical moment in the homebuying process, as it’s the point where the buyer is committing to purchase the property. Therefore, it’s essential that the buyer understands the condition of the home before making any commitments.Information Included in a Home Inspection Brochure in Massachusetts
The home inspection brochure in Massachusetts contains valuable information that helps the prospective buyer understand the condition of the property. Some of the information that may be included in the brochure includes:- Information on the condition of the property, including any defects or issues
- Information on any repairs or renovations that have been made to the property
- Information on the age and condition of major systems in the home, such as HVAC and plumbing
- Information on any environmental hazards, like lead or asbestos
- Information on any warranties or guarantees that come with the property