When you’re selling your house in Massachusetts, the law requires you to tell potential buyers about any issues that could affect the value of the property. This includes safety issues, like lead paint in older homes, and problems that come up during an inspection. If something is wrong with the house after you sell it, you may still be held responsible, even if the inspection didn’t find the problem.
You must also remember the disclosures you got when you bought the house. If you do any repairs or renovations without getting the right permits, you may be in trouble when you sell it. Not thinking ahead can be very costly, so it’s best to follow the rules when selling your house in Massachusetts.
Protection
Disclosures protect you and the buyer. If something has affected your enjoyment of the house, like noise from an airport, you have to let the buyer know.
Contingencies
Contingencies are also important. They provide buyers with information about what repairs may need to be done in the future. They also give buyers the right to have a home inspection. Depending on what the inspection finds, the buyers may ask for repair money or walk away from the deal.
Mandatory Disclosures
There are exclusions to mandatory sellers’ disclosures that may vary state by state and even in different counties. By understanding what you are legally permitted to omit, your home may be easier to sell or sell for more than if the buyers were aware of the excluded information when selling your house in Massachusetts. If you should find yourself on the fence about disclosure, it is best to err on the side of caution and make the disclosure.
Legal Consequences
When selling your house in Massachusetts, you must understand the laws surrounding your disclosures to avoid costly legal consequences and the emotional turmoil accompanying them. Actively concealing defects is fraught with legal risk. You face a potential lawsuit for recovery of damages from negligence, fraud, or misrepresentation, among other causes of action.
The local professional buyers at Pegasus Home Buyers can help you skip the disclosures when selling your house in Massachusetts. The professional buyers at Pegasus Home Buyers will make a fair offer to buy your house for cash, as-is. You will not pay commissions or hidden fees at closing, and you won’t even pay closing costs through a direct sale of your house in Massachusetts to a professional buyer from Pegasus Home Buyers. Should you have concerns about your house passing the inspection, your safest bet is to work with professional buyers at Pegasus Home Buyers to avoid the legal pitfalls and costly damages that threaten the outcome of your sale by disclosure laws. At Pegasus Home Buyers, we understand the importance of communication; our professional buyers listen carefully to every word you say. You can rest easy at night after you have spoken with one of the seasoned experts at Pegasus Home Buyers; feel free to ask any questions or express concerns about a direct sale of your house. Call Pegasus Home Buyers at (781) 810-4242.