Comments on: There’s Nothing “Standard” About The Massachusetts Standard Form Real Estate Purchase And Sale Agreement

By: Massachusetts Real Estate Law Year In Review: Top Posts Of 2009 And Predictions For 2010 | The Massachusetts Real Estate Law Blog

Fri, 19 Feb 2010 16:16:33 +0000

[...] There’s Nothing Standard About The Massachusetts Standard Purchase and Sale Agreement. Great to see a post about buying a new home ranking so highly. An indicator of the recovery of the [...]

By: RESPA Update: HUD Issues New Settlement Cost Booklet and Powerpoint Presentation | The Massachusetts Real Estate Law Blog

Fri, 19 Feb 2010 16:14:11 +0000

[...] The booklet encourages retaining a competent real estate attorney in the transaction: Before you sign a sales agreement, you might consider asking an attorney to review it and tell you if it protects your interests. If you have already signed your sales agreement, you might still consider having an attorney review it. (Ed. You definitely want an attorney to review and mark up the purchase and sale agreement, or else you’ll wind up signing the standard form and getting burnt). [...]

By: kathy petto

kathy petto — Thu, 29 Oct 2009 14:13:10 +0000

The developer is stating in our P&S that we waive our right to sue them and any of their contracters is that legal in Massachusetts?

By: r permahos

r permahos — Tue, 27 Oct 2009 10:30:28 +0000

My pregnant daughter just moved into a house in Mass built in 1960. Not surprisingly it is highly comtaminated with lead. Being not natives of that state she and her husband did not know about the big lead problem there. Before the Pand S agreement was signed they received no documentation about lead as I read is the law and found and 11 page pdf. of massgov.com that they should have received. With Oct 5 being their original close date they received one piece of paper about lead, not offering any time to inspect and closed on the 14. Being 5 months pregnant she had to move to a hotel and I am presently speaking with the real estate company asking why did they not receive lead information and told they had time to inspect for it. They would not have bought the home knowing what they know now. Did the realtor fail in not providing that information in a timely manner. Also when I saw the house the other
day I noticed that the sellers had painted over exposed paint on the front of the house to make the entry look decent. The back of the house was all chipped. Please send me some suggestions as they can’t afford all the deleading that needs to be done and I think the realty company is at fault in not providing documents.

By: paul moore

paul moore — Fri, 02 Oct 2009 03:28:12 +0000

I’m in the process of buying a house and the seller accepted the offer but claims he can’t address the P&S as he will be out of town for a few weeks. The issue is that my closing is in a week and my rate is locked for only 2-weeks. What rights as a buyer do I have to this property? Can he just void it after accepting my offer if he has not signed the P&S? I want this house, what can I do????

By: Massachusetts Offer to Purchase Real Estate | The Massachusetts Real Estate Law Blog

Fri, 11 Sep 2009 20:53:15 +0000

[...] in the P&S. If they are not, there is an inspection contingency added to the P&S. See my post on purchase and sales agreements for that discussion. Another crucial aspect of the offer are the [...]

By: Bill Gassett

Bill Gassett — Wed, 26 Aug 2009 20:52:36 +0000

Awesome article Rich. Of course everything you mention is the exact reasons why buyers and sellers should have legal representation when they are involved in a Real Estate transaction.