The Massachusetts Purchase and Sale Agreement form is used when purchasing and selling residential real estate for an agreed amount. Once both parties sign the agreement, it is a final sale and transfer of ownership is complete.
Form Options By Type
Standard Residential Lease Agreement
|
Simple (1-Page) Lease Agreement
|
When does a purchase agreement become legally binding in MA?
In Massachusetts, an offer to purchase is not automatically binding until there is mutual acceptance and delivery of the signed agreement.
Law Alert ⚖️
- Massachusetts General Laws (MGL) Chapter 183 (malegislature.gov): This law covers the rules for transferring property.
- Statute of Frauds (MGL Chapter 259, § 1): This law says that real estate contracts must be written down to be legally valid. You can’t make a legal real estate deal just by talking about it.
- Consumer Protection Laws (Chapter 93A): This law protects people from unfair or deceptive practices in real estate transactions. It prevents things like lying or hiding important information about the property.
- Disclosures and Inspections (RE01R06: Seller Agency): Massachusetts law requires sellers to provide a Property Disclosure Statement, which tells the buyer about any known issues with the property. The buyer can also get inspections to check the property’s condition before finalizing the sale.
- Title and Closing Procedures (Title 33, Chapter 1): Before the sale is final, the buyer must make sure the property has a “clean title” (meaning no legal problems or debts attached to it). The deed is then recorded in the local registry of deeds to make the sale official.