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Introduction
Marketing Resources
Preparing Your Home for the Market
Things to Discuss with your Attorney
Typical Closing Costs

 

SOME Typical Closing Costs (Seller)

New York State Real Property Transfer Tax

$4 per $1,000.00

Real Estate Taxes

Pro-rata share

Pay off Existing Mortgage

Recording Fees - Mortgage Satisfaction

$75.00 to $150.00

Pick-Up Fee to Title Closer for arranging for the
payoff of the mortgage

$150.00 to $250.00 per mortgage
There may be a fee for not completing the Seller's Property Disclosure Form $500.00
 
 
SOME Typical Closing Costs (Purchaser)

Mansion Tax, if sale price is over $1 million

1% of sales price

Title Insurance

Rates mandated by N.Y. State

Recording Deed

$325.00

Recording Mortgage

$500.00

Mortgage Tax – Nassau County

1.05% of amount of mortgage

Title Closer Gratuity

$100.00 to $250.00

Miscellaneous Title Expenses $500.00
Points for Mortgage  
Flood Insurance may be mandatory  

Bank's Attorney Fee

$500.00 to $1500.00+

Survey Expenses

Depends on size of property

*All numbers are approximate and should be verified independently






   
 
 

Piping Rock Associates, Inc.
41 The Plaza, PO Box 383, Locust Valley, NY 11560
E-mail: info@pipingrockrealestate.com | Phone: 516.676.2230 | Fax: 516.676.2973
© Copyright 2005 Piping Rock Associates, Inc. All rights reserved.