Simply put, if your home's selling price is over $500,000 a homeowner pays a total of 1.825% of the selling price in City and State taxes. If it sells for under $500,000 then the amount is 1.4% of the selling price.
The first thing you need to do is to have a current evaluation made of the property's value. As you local Realtor, I would be happy to provide it with no obligation.
Keller Williams Realty Landmark
32-55 Francis Lewis Blvd., Bayside, NY
#1 Office in ALL Queens County as per MLS Statistics
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
Top 2% of Century 21 Agents Nationwide!
Sellers typically pay transfer tax, their attorneys and their Realtors...the buyer has to pay everything else.