What are my closing costs when selling my Staten Island, NY home?
When selling a home in NYC you will encounter some fees and taxes that sound unfamiliar.
Here is a summary of what costs you should expect when selling your Staten Island home.
STATEN ISLAND HOME SELLER CLOSING COSTS
- NYC Transfer Tax for Residential Property:
- If the sale price is $500,000 or less this tax = 1{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} of the sale price.
- If the sale price is above $500,000 the tax = 1.425{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} of the sale price.
- NYC Administrative Fees: Residential Deed Transfers = $125
- NYS Transfer Tax: $4 per $1,000 of purchase price (.4{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} of purchase price)
- NYS Equalization Filing Fee: $125 (for one to three family and condo)
- Title Closer Pick-up/Payoff Fee (PER MORTGAGE): $175-$250
- Seller’s Attorney: $1,000-$2,000 estimated
- Property Condition Disclosure Credit: $500 (unless exempt)
These are just the main costs most sellers will encounter when selling their home.
If you happen to have questions feel free to contact me at 917-202-8309.