Seller Resources

Seller’s Checklist for Preparation of Sale (Download PDF) – Whether you are selling your property on your own or listing with an agent, a seller should have the following information ready and available in preparation of sale:

• Title Policy (Provide Clean Title)
• Most recent real estate tax bill
• Real Estate Attorney contact information
• Property survey
• Mortgage information
• Trust information, if applicable
• Condominium or Cooperative Documents, if applicable
• All keys to the property

Sale Costs Checklist (Download PDF) – The following are general estimated closing costs associated with the sale of property. Potential sellers should consult their real estate attorney for specifics.

• Broker’s Commission – Typically 6% depending upon size and marketing
• Attorney’s Fees
  • Own Attorney:  $1,000-$5,000
  • Bank Attorney: $450+
• Property Survey
• Certificate of Occupancy
• NYC Transfer Tax: 1% of purchase price up to $500,000; or 1.425% of price if $500,000 and over. Plus $25 administrative fee
• NY State Transfer Tax: $2.00 per $500.00 of price, or 0.4% of purchase price
• Miscellaneous Title Fees: $200+
• Payoff Fee to Title Closer: $150+
• Tax Credit  - Prorated to the buyer for current year’s real estate taxes not due until the following year
• Managing Agent Fee (Condo/Co-Op): $250+
• Move-Out Deposit (Condo/Co-Op): $300-$1000 (usually refundable if no damage)
• E Tax Filing (ACRIS): $50
• Gains Tax Withholding (Out of state seller): 7.7% of gain
• Non-US Resident (FIRPTA): 10% of price withheld or paid