In Massachusetts, both buyers and sellers have closing costs associated with a real estate transaction. Closing costs can vary depending upon local taxes and lenders, so it's important to work with a real estate lawyer in Dedham who can help you understand who owes what and how much you'll be expected to pay.
What's listed is a summary of what buyers and sellers can typically expect in closing costs. For more information, read our article on what you should know about real estate closing costs in Masschusetts.
Buyers Closing Costs in Massachusetts
- Lender’s Application Fee
- Origination Fee
- Flood Certificate Fee
- Appraisal Fee
- Credit Report Fee
- Title Fees
- Attorney's Fees
- Title Search/Abstract
- Municipal Lien Certificate Fee incurred by the closing attorney
- Mortgage Survey/Plot Plan
- Recording Fees
- Lien Certificate, Deed, Mortgage, Declaration of Homestead
Condo Closing Fees
- Move-in Fee
- 2-3 month working capital contribution to the condo association
- Usually only for new condos, however some condominiums require this for every new owner, not just the first.
Sellers Closing Costs in Massachustts
- Deed stamp ($4.56 per $1,000 of consideration as stated in the deed, except Barnstable County and Islands)
- Seller Attorney’s Fees
- Any title clearing documents
- If selling a condo, a 6(d) certificate confirming no condo fees or assessments are unpaid
- Death Certificates
- Mortgage Discharges
- Lien Releases
- Certificates of compliance for conservation encumbrances
- Cost of Smoke certificate and final water/sewer/trash/municipal power readings, if any
