Luxury Residential Group

355 Boylston St
Boston, MA 02116

Phone: (617) 262-2500


Email Us:

Open seven days a week

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Real Estate Closing Costs In Massachusetts

As we were sufring around the net, we found a very helpful blog article on www.LRGBoston.com.  It is a guide to what buyers and sellers can expect to pay in closing costs in Massachusetts.

People always ask us what they can expect their closing costs to be when they purchase or sell real estate in and around Boston, MA.  Below is Luxury Residential Group’s quick guide, outlining the closing costs for both buyers and sellers.

For Buyers:

  • Attorney Fees – $400-$2000+ (Varies from attorney to attorney)
  • Filing Fees – $125 Deed +$175 Mortgage(If cash deal this is not applicable) + $65 Municipal Lien Certificate = $365
  • Title Insurance – $2.50-$4.00/$1,000 of Loan amount(Closer to $4.00/$1,000 if cash deal)

For Sellers:

  • Attorney Fee – $750-$2000+ depending on who you use
  • Tax/Transfer stamps – $4.56/$1,000
  • Mortgage discharge – $100
  • Filing fee – $75
  • Record 6D** Certificate – $75
  • Fire Inspection – $50 (Charged by the city)
  • Broker commission – Separate agreement between Seller and their Real Estate Agent

**6D Certificate is a document from the condominium association showing that all condo fees and special assessments have been paid in full prior to closing.

 

Boston Condo Prices Improve Over 10% According To Today’s Boston Globe

As the Boston, MA luxury condo market imporves, so do prices.  According to the Boston Globe, Sales prices have increases over 10% in the last 12 months. Joshua Golden of Luxury Residential Group LLC, the parent company of BostonCondos.com and BostonLoftSpace.com is quoted in article. 

Please read more of the Globe article here:

http://www.boston.com/realestate/news/articles/2011/07/26/downtown_boston_condos_enjoy_double_digit_price_increases/

BostonCondos.Com Launches State Of The Art Site Update

BostonCondos.com is pleased to announce the launch of Boston’s newest real estate website. The site will feature condos for sale, condo rentals, and single family home sales. One of the newest features will be the introduction of a user friendly searching tool that allows visitors to search all short sales, bank owned foreclosures, auctions, new listings, price drops, as well as comprehensive condo building data on properties like The Ritz Carlton, Clarendon, Mandarin and Atelier.  Another unique feature is the “Condo Cart”.  This allows users to save and view their favorite listings in an easily accessible shopping cart that appears at the top of every page.   We feel that this is a game changing, innovative website that will create a one stop portal for all your real estate needs.

We look forward to your feedback.