What do you need to disclose when selling a home?

HomeWhat do you need to disclose when selling a home?
What do you need to disclose when selling a home?

5 things you need to disclose when selling your home

Q. What do you have to disclose when selling a house in Massachusetts?

Massachusetts law requires only that home sellers disclose the existence of lead paint (see the Massachusetts Lead Paint Statute) and the presence of a septic system (see Title 5 of the Massachusetts Environmental Code).

Q. How do I sell my house in Massachusetts without a realtor?

Follow These 10 Tips If You Are Selling A House In Massachusetts By Owner

  1. Scope Out the Competition (Be A Nosey Neighbor)
  2. Give Massachusetts Buyers What They Want.
  3. Analyze Massachusetts Real Estate Market Data for a Correct Listing Price.
  4. Make Sure Your Real Estate Photographs Don’t Suck.

Q. Do you need an attorney to sell a house in Massachusetts?

Massachusetts requires that buyers use a bank attorney at closing instead of a title company. Because of this, 99.99% of sellers also hire a real estate attorney to balance the scales. “We’re selling hundreds of homes per year and people do not use real estate attorneys at all.”

  1. Pre-contractual duty of disclosure. Under the common law, you’re responsible for disclosing defects in your property title to potential buyers.
  2. Property defects.
  3. Off-the-plan.
  4. An accurate sales price.
  5. It pays to be honest…

Q. Can you sell a house in Massachusetts without a Title 5 inspection?

If you are selling your home, you cannot close without a passing Title V inspection of your septic system, completed by an inspector who is licensed by the state and your town. A Title V Inspection is good for 2 years. A list of licensed inspectors is available at your local Board of Health office.

Q. Is this a bad time to buy a house in Massachusetts?

March through April is peak home buying season in Massachusetts. If you don’t mind moving in winter, however, any seller with a house on the market will likely accept a much lower offer.

Q. Can you sell a house as is in Massachusetts?

You can sell your Massachusetts home as-is. However, to make a confident decision on whether to sell your house as-is, there are several things to consider—like what as-is actually means, the pros and cons, and what’s involved with this type of home sale.

Q. How much does Title V cost in MA?

Selling a Home with a Septic System To sell a home with a septic system, the Title 5 test is required. The average cost for a Title 5 inspection is between $400 and $800. Some towns require septic pumping at the time of inspection.

Q. How long is a Title 5 good for in Massachusetts?

two years
A Title V inspection is considered valid for two years. However, if the homeowner has his septic system pumped every year, it is valid for three years.

Q. Why are houses so expensive in Massachusetts?

The reason essentially why homes in Massachusetts are so expensive where I live is because legislators are allowing a form of price gouging to take place. In other words supply is low and demand is extremely high, and we have banks that love this market right now and are making a ton of money on pricing up property.

Q. How much are closing costs in Massachusetts for seller?

Sellers in Massachusetts can expect to pay from 2% to 4% of their home’s total sales price in closing costs. This includes fees levied by the state, such as excise taxes, real estate lawyer’s costs, and costs associated with the sale transaction.

Q. How are seller closing costs calculated in MA?

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