Here are your closing costs as I'm an agent in the Rockaways and know your development.
For the Seller
Broker: Typically 56%
Own Attorney: 1,200 - 2,000
Processing Fee: $450+
NYC Transfer Tax:
Up to $500,000 = 1%
$500,000+ = 1.425%
Admin. Fee: Residential Deed Transfers= $75
NY State Transfer Tax: $4 per $1,000 of price
NYS Equalization Fee: $75
Pick-up/Payoff Fee: $250-$500
Miscellaneous Condominium Charges 500-1,000
If you're interested in speaking to me I'm right down the road at ABTS and would be happy to discuss some marketing options with you.
you will pay realtor fees of approximately 6%
sellers transfer tax of .004 of sale price ($4 on every $1000 of sale price)
pay off of any outstanding mortgage (if appicable)
plus some other closing costs averaging approx $1000
i hope this information helps you..!
please give me a call when/if you decide to market your home and i
will be happy to give you an idea of fair market value you can expect..
thank you very much..
have a wonderful day........
Certified Negotiation & Short Sale Specialist
Coldwell Banker Residential
Antolin Du Bois, CFPÂ®
Certified Financial Planner
President, RichFaith Inc.
If you have paid your quarterly tax, the buyer will pay you back for the amount of time they will own the house out of that quarter.
Now, after you negotiate the fee with the agents, and they find you a buyer, don't forget that you will have to pay your own lawyer to prepare the contract of sale, and represent you at the closing. That is how things are done in NY, and sometimes when you try to get too much of your information from sites like Trulia, you will get information that does not apply here.
Costs are based on percentages. If you are interested in selling your home and would like to know the costs I suggest you contact at a minimum of three agents and interview them for the position of selling your home. They will all prepare a net sheet showing your approximate costs to sell and what your net should be based on the selling price. If you are underwater and need to do a short sale there is no cost to the seller the lender will incur the costs involved.