Purchasing a home in Massachusetts involves a few key documents that must be reviewed and signed before moving forward. Below, we break down these important forms and what they mean for you as a buyer.
1. Agency Disclosure Form
Before touring any properties, Massachusetts law requires that buyers sign an Agency Disclosure Form. This form is not a contract—it simply explains the different types of agency relationships you may have with a real estate agent. However, it must be included in your offer package when submitting an offer.
Your offer package will typically include:
✔️ The Offer Contract and Buyer’s Contract
✔️ Pre-Qualification/Pre-Approval or Proof of Funds
✔️ An image of the first deposit
✔️ Lead Paint Disclosure (if applicable)
2. Buyer’s Contract
A Buyer’s Contract is required before viewing homes in person. This agreement defines the relationship between you and your real estate agent, outlining responsibilities on both sides. The contract is fully customizable based on your needs—for example, it can be limited to a single property if desired.
Most home purchases in Massachusetts follow a standard timeline of 30 to 90 days, and this should be reflected in your contract.
3. Offer Form
When you’re ready to make an offer, you’ll use a standard Massachusetts Offer Form. Before signing, it’s important to discuss how the buyer’s agent’s compensation will be handled. Common options include:
✅ The buyer pays the agent’s fee directly.
✅ The fee is included in the offer, requesting the seller to cover it.
✅ A combination of both methods.
Understanding Your Documents
It’s crucial to fully understand these forms before signing. While we’re happy to review them with you, we strongly recommend consulting an attorney if you have any legal questions.
If you’d like to discuss these documents further, feel free to reach out. We’re here to help guide you through the process with confidence!
📩 Contact us today to schedule a consultation.
