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Massachusetts Residential Purchase Agreement

A Massachusetts residential purchase agreement is a legal document that secures a real estate transaction between a buyer and a seller. The buyer writes the agreement, including all the terms of the sale, and presents their offer to the seller. Once signed by both parties, it becomes legally binding.
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Required Disclosures (3)

Lead-Based Paint Disclosure – If a residence that was built prior to 1978 is put up for sale, federal law mandates that the seller must disclose the use of lead-based paint on the property.

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Seller’s Property Disclosure Statement – Although it is not required by State law, the property seller may elect to provide the purchaser with an accounting of the property’s condition at the time of sale.

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Title 5 Addendum (septic tanks) – If there is a septic tank on the premises, it must be disclosed to the buyer.

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