Boston Rule Change Cuts Buyer Power, Offers Shrink 22%
New Massachusetts Law Eliminates Inspection Waivers Starting July 2025 When Massachusetts legislators signed the Affordable Homes Act in August 2024, they fundamentally altered the power dynamics that have governed the Commonwealth's real estate transactions for decades. The sweeping legislation eliminates a critical negotiation tool that buyers have wielded in competitive markets. Effective July 15, 2025, sellers and their agents cannot require or encourage buyers to waive home inspections as a condition of sale. This prohibition strikes at the heart of deal-making strategies that have defined Boston's hypercompetitive real estate setting. The law establishes mandatory 10-day inspection windows followed by five-day notification periods for buyers to communicate findings. Market adaptation will force both parties to explore inspection alternatives while maneuvering new disclosure requirements. Real estate professionals must revise standard forms and develop compliance strategie...