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Seller
Responsibilities and Expenses
RESPONSIBILITIES:
 We will prepare the Purchase and Sale Agreement, Deed and other
necessary documents. We will also request the following information
from you:
- Copy of your deed, if available.
- Current mortgage information, including bank's name, address,
telephone number and your account number.
- Social Security Number and forwarding address (for the 1099B
form).
- Oil reading and Water reading, if applicable and tenant rental
information if a multifamily.
- Paid receipts for real estate taxes, water and sewer charges
may be required. If your property is in a town having a municipal
lighting plant, you will need to provide a Light Lien Letter
from the Town Light Department.
- Smoke and Carbon Monoxide Detector Certificate from the Local
Fire Department and Wood Stove permit, if applicable.
- Keys and garage door openers / remotes, if applicable.
- Occupancy Certificate, if new construction.
- For condominiums, the name, address and telephone number
of Condominium Association contact person.
EXPENSES:
- Massachusetts Excise Stamps are collected at the time of
closing. The rate is $4.56 per thousand based on sale price.
- Broker's commission.
- Title Examination and Certification (approximately $300.00
to $400.00), if applicable. The seller pays for title fee in
Worcester and contiguous towns with a few exceptions.
- Recording fees for each discharge or release in the amount
of $75.00 each.
- A discharge fee may be charged by the buyer's lender's attorney
in the amount of $50.00 to $100.00 in addition to an overnight
mail or wiring fee for each discharge that must be obtained.
- Attorney's fees - Our fee is $595.00
- Adjustments payable to the buyer for any rents, security
deposits or other amounts held on account of tenants, and for
water, sewer, real estate taxes, condo fees and rental equipment,
if not paid in advance by the seller at closing.
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