SELLER COSTS

As a seller, you are going to be required by law to pay an "excise tax". It's like a sales tax, and the seller has to pay. It's weird, but that's the way it is. As of this writing, it is $4.56 per thousand of sale price. In addition, you will most likely in Worcester County be providing the Certificate of Title, as well as paying for miscellaneous recording charges, lien letters, smoke detector certifications etc. If you have a septic system, the lovely new law known as Title 5 requires you to provide the buyer with an inspection report saying that your system meets the requirements. Also there can be prorations for property taxes, and special assessments, rental income or deposits and other things. Ask for the estimated settlement statement prior to closing so that you can review everything in detail prior to closing.


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