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The fees below are estimates only. Buyer and seller should consult their real estate attorney.
SELLER
Broker: 6% Fee
Attorney: $1,600 and up
Other Title Fees: $150.00
Payoff Bank Attorney: $350.00
Move Out Deposit: $150.00 (if applies)
Management Agent: $500.00 ( if applies)
NYS Transfer Tax: $2.00 per share $500.00 of price
NYC Transfer Tax: 1% of price up to $500,000. 1.425% of price over $500,000. $25.00 record fee.
Cuomo Tax:10% of the Seller’s net profit of a sale is over $1,000,000. This does not apply when the home is for primary residence.
BUYER
Attorney: $1,600 and up
Move In Deposit: $500.00
Recording Fees: $100.00
C.C. Adjustment: 1 month
Violation Search: $195.00
Managing Agent Fee: $250.00 +
R.E. Tax Adjustment: 1-3 months
Mansion Tax: 1% over a $1,000,000
Fee Title Insurance: $650.00 per $100.000.
Mortgage Title Insurance: $500.00 per $100,000
Bank Fees: Attorney: $500.00 Application: $500.00 Points: 0-3% of loan , Tax escrow: 2-6 months Short term interest:1 month
NYC Mortgage Tax: 1.80% of mortgage amount on loans under $500.000. 2.80% on mortgage amount over $500,000. 1-3 family residential mortgage $500,000+ = 1.925%
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