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What property details are usually included in the Multiple Listing Service?
- Location/address
- Photographs
- Price
- Utilities estimates
- Amenities
- Neighborhood information
- Annual property tax
- Listing Company and Agent
- Room details
What documents will I need to be familiar with?
- Listing Agreement
- MA Mandatory Disclosure Form
- Seller's Statement
- Lead Paint Form (for homes built prior to 1978)
- Offer to Purchase
- Purchase & Sale Agreement
What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.
What is Title V?
Massachusetts law requires that a property which is serviced by a septic system, cesspool, or other private waster disposal system be inspected within 2 years before the sale or within 6 months after the sale if weather conditions prevent a pre-sale inspection. Only licensed inspectors may conduct such inspections. Should a system fail, it will need to be repaired or upgraded within 2 years of failure.
What is a smoke detector certificate?
Massachusetts law requires that all residential structures be equipped with approved smoke detectors upon sale. The local fire department will issue a certificate to prove compliance.
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