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

 

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

$35 to $50.00

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

$150.00 to $250.00 per mortgage

 
Typical Closing Costs (Purchaser)

Mansion Tax, if sale price is over $ 1 million

1% of sales price

Title Insurance

Sliding Scale

Recording Deed

$59.00 for first double-sided page,
$3 for each additional page

Recording Mortgage

$26.00 for first page,
$3 for each additional page

Mortgage Tax

1.75% to 1.875% of amount of mortgage

Title Closer Gratuity

$100.00 to $200.00

Points for Mortgage

Bank's Attorney Fee

$500.00 to $1500.00+

Survey Expenses

Depends on size of property

*All fees 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.