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Sellers Closing Costs

Real Estate Broker Commission

In this very competitive market, standard real estate broker commission fees have basically become a thing of the past. However, the smaller companies tend to be more negotiable than the larger companies due to their overhead not being as high as their corporate counterparts.

Attorney's Fees

Attorney's fees vary from attorney to attorney. It is best to go by the recommendation of others than just to look one up in the phone book or internet. It is recommended that you work with an attorney who specializes in real estate.

Title Company Fees

Title companies are usually chosen by the attorney. The fees will vary based on what the attorney is able to negotiate with the title company. Usually, attorneys have certain companies they work with.

Transfer Tax

This is a State tax paid by the seller in New York State. The seller pays $4 per every $1000 of the selling price.

Mortgage/Loan Fees

Mortgage loan fees are another thing that varies based on your mortgage broker/bank as well as the type of mortgage you are applying for. For more information please CLICK HERE.

Co-Op/Condos/HOA

If you are a buying a co-op, condominium or into a homeowner's association there might be additional fees that will apply. Each Co-Op/Condo/HOA board is different therefore your real estate agent and/or attorney should inquire regarding those fees.

Questions?