BOSTON, MASS., January 2, 2025 -- Buyers Brokers Only, a Greater Boston exclusive buyer agent real estate firm, reiterates its support for the Massachusetts Legislature's bill prohibiting home sellers from conditioning the acceptance of an offer to purchase on a prospective home buyer's agreement to waive, limit, or restrict their right to a home inspection.
The law, an amendment to the housing bond bill passed in August 2024, does not require home sellers to make any concessions or repairs after a home buyer's inspection.
Buyers Brokers Only believes home-buying consumers need home inspection protection as soon as possible.
"As exclusive buyer agents, we are committed to protecting home buyers and believe they should never have to forgo critical protections, such as a home inspection, to secure a home," said Rich Rosa, co-founder of Buyers Brokers Only. "The final regulations must explicitly and firmly prohibit the acceptance of offers conditioned on home buyers waiving their home inspection. The EOHLC should not allow special interest groups to sway it to create unnecessary exceptions to the prohibition from waiving, limiting, or restricting a home inspection."
It's also a matter of housing affordability. First-time home buyers struggle to save for a down payment and closing costs. Feeling pressure to waive a home inspection and potentially facing costly repairs can result in financial peril. For example, a boiler with extensive rust and corrosion on the heat exchanger might need replacement, costing over $10,000.
Consumers can contact their state legislators to express their support: https://malegislature.gov/StateHouse/Contact.
About Buyers Brokers Only: Greater Boston's Buyers Brokers Only provides exclusive buyer agent services to home buyers throughout Central and Eastern Massachusetts, Southern New Hampshire, and the State of Rhode Island. The company's consumer advocates protect home buyers, having helped more than 2,000 home-buying clients purchase more than $1 billion in real estate since 2005.