[MassHistPres] Hardship question

[Barbara Wales]

Yes, indeed.  When a home is located within the boundaries of the 
historic district, the listing agent is responsible for disclosing 
this fact to _ALL_ potential buyers.   It is considered a material 
fact that can influence the purchase decision.   Now, if only we 
could get all agents to act responsibly on this.

If the sale proceeded without the assistance of a real estate 
professional, then I believe that the responsibility falls back on 
the buyer, CAVEAT EMPTOR...unless the seller provided a disclosure 
statement to the buyer.   In that case, the seller cannot pick and 
choose which facts to disclose, but must disclose all known 
facts.  (This is my understanding, at least.)

Barbara Wales, GRI, ABR
Wm. Raveis Real Estate



At 11:56 AM 1/11/2007, slater at alum.rpi.edu wrote:
>If you treat being in a district as a negative point, then the
>responsibility lies with the previous owner and the previous listing
>agent to notify the buyer of this restriction.
>
>Ralph Slate
>Springfield, MA

Barbara Wales
William Raveis Real Estate
10 Langley Road
Newton Centre, MA  02459

Access Line: 617.762.4073  (messaging, faxing, connecting via mobile phone)
BarbaraWales at realtor.com