Mortgage Payments
Massachusetts home listings would flag flood risk
Buyers and tenants would get standard flood notices before they sign, and brokers’ online listings would have to show the risk, if any, for each home.
The Massachusetts proposal puts flood risk in front of people earlier, starting with the search and ending before a purchase or lease is signed. It would also require sellers and landlords to hand over standard notice forms so the warning is harder to miss.
- Standard flood notices would go to prospective buyers and tenants.
- Online home listings would have to show flood-risk information.
- The rule is meant to surface the risk before people sign.
- In Massachusetts, the change is about a basic consumer question: is this home in a place that floods?
- A proposal would require standard notification forms and other materials to inform each prospective purchaser and tenant about the flood risks of residential real property, so the warning reaches people before they commit to a place
In Massachusetts, the change is about a basic consumer question: is this home in a place that floods? A proposal would require standard notification forms and other materials to inform each prospective purchaser and tenant about the flood risks of residential real property, so the warning reaches people before they commit to a place.
The secretary of energy and environmental affairs, working with the secretary of housing and livable communities, would be responsible for the notice materials. The idea is to make flood exposure harder to miss at the point where people are weighing rent, mortgage payments and whether a home really fits their lives.
The listing itself would carry the signal
The bill also reaches the online search phase. Licensed real estate brokers with online marketing platforms would have to include flood-risk information, if any, for each listed residential property.
That matters because the first impression of a home often comes from a screen, not a walkthrough. Putting the risk on the listing means buyers and renters do not have to wait until later to learn a property sits in a flood-prone spot.