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Buckfield Select Board accepts Kosno Real Estate proposal to list tax-acquired property
Summary
The Select Board voted May 27 to accept a single broker proposal to list a tax-acquired property; the broker’s commission is 3% of the sale price with a $3,000 minimum and any sale would be managed through the board and could take up to a year.
The Town of Buckfield Select Board on May 27 voted to accept a listing proposal from Kosno Real Estate, brokered by Real Broker LLC, to market a tax-acquired property (filed as FP25-01).
A board member moved to accept the proposal and the motion was seconded and approved by voice vote. Board members noted the town received only one proposal and that any sale of tax-acquired property would ultimately require board approval of offers and follow the town’s tax-acquired property sale process.
Town staff summarized the broker’s terms: ‘‘Their rate was 3% of the sale price with a minimum commission of $3,000 per listing,’’ and staff cautioned that ‘‘that process could take up to a year’’ from initial listing to completion of a sale and transfer. The board confirmed that individual sale decisions and acceptance of offers would return to the board for formal approval.
Board members thanked the proposer and noted the timing: the town has issued 90-day letters on several properties and does not expect immediate sales before the statutory process concludes.
