Tag: buyer protections
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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.…
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Home-Flipping Update: California Passes Major Disclosure Law
California just changed the home-flipping game. Fixer-upper home buyers who turn around and sell the homes must follow the new Flipper Disclosure Law, formally known as Assembly Bill 968. What’s California so concerned about? Home flippers are, of course, profit-driven. Sometimes, a flip is done quickly, with cosmetic touchups that gloss over the deeper work…
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Federal Update: New Contract for Deed Rules
Contracts for deed – sometimes called installment contracts, land sales contracts, or owner carry – leave the deed until the borrower pays for the home in full. Until then, the borrower lives in and maintains the home. This is a type of seller-financed home sale – and it’s one way to avoid getting entangled with…
