Home Builders - Model Homes and Contracts for the Intent to Purchase a New Home - Requirements

HB 93 requires home builders to provide clear, standardized information about model homes and purchase contracts to prospective buyers. Specifically, builders must give a written document listing all upgrades in a model home and their costs, plus the base price and square footage, and display a visible sign at the model home with the same details. At contract signing, builders must provide a full list of available upgrades and their costs, and buyers gain a 3-day right to rescind the contract for any reason. The law directly affects home builders constructing model homes and prospective home buyers purchasing new homes in Maryland.