Home Buying in Brooklyn>Question Details

Tony, Home Seller in Brooklyn, NY

Whats a general rule of thumb for estimating closing and transfer taxes on properties in Brooklyn

Asked by Tony, Brooklyn, NY Thu Jul 29, 2010

Help the community by answering this question:


The approx of the description on taxes ant transfer charges is 1% to 1.4% AND 0.04%.
The rest is realtor commissions and attorney fee.s
0 votes Thank Flag Link Tue Aug 3, 2010
If you're selling, your closing costs are typically your attorney's fees, NYS and NYC transfer taxes, and your real estate fees. If you're buying, they are typically around 6% of what you are borrowing. If you haven't hired an agent, I would be pleased to speak with you. Good luck!

Ralph Windschuh
Associate Broker
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
Top 2% of Century 21 Agents Nationwide!
0 votes Thank Flag Link Sat Jul 31, 2010
When selling your home in Brooklyn you estimated costs are:

Under $500,000
%1 city tax and $4 per thousand to the state over $500,000 1.425 percent to the city and and the same $4.00 per thousand to the state add in the mover and Realtor and you are set. Check the accuracy with your lawyer to be safe.

Why Do I Need A Lawyer For My Brooklyn Real Estate Transaction?
0 votes Thank Flag Link Thu Jul 29, 2010
What is your agent suggesting--Much will depend on the cost of the property, loan fees, etc.--ask your loan officer and or attorney for a good faith estimate.
0 votes Thank Flag Link Thu Jul 29, 2010
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