Tag: Affordable Homes Act
-
From Now On, Home Inspections Can’t Be Waived Upfront in Massachusetts
New law this year! It’s about waiving home inspections (and about Massachusetts not liking that). It took effect on October 15, with the purpose of stopping home sellers and their agents from expecting buyers to waive home inspections. Here, we outline what it means for you, if you’re thinking about a Massachusetts real estate transaction.…
-
In Case You Missed It: Massachusetts “Affordable Homes Act” Doubled Homestead Exemption to $1 Million
As you may know, most states let a vested deed holder designate a percentage of the primary residence’s value as a homestead. Homestead status can stop a home’s forced sale due to unpaid debt. This year, under its Affordable Homes Act, Massachusetts increased its homestead protection from $500,000 to $1,000,000. All the better, this higher…
