How much will I net from the sale of my Staten Island home?

/ Herman & Co/

Selling your home can seem overwhelming at times.  Once you find a buyer you still have a laundry list of items that need to be accomplished before you can close.  At Herman & Co we always recommend that our clients seek representation from a local attorney.  Your attorney will assure that you are protected at contract signing and at closing.  Your attorney will also break down how much your net proceeds will be at closing.

You can use the following guide to estimate how much you will net from the sale of your Staten Island home.

NYC TRANSFER TAX

Up to $500,000 = 1% of sale price

$500,000 and up = 1.425% of sale price

NYS TRANSFER TAX

$4 per $1,000 of sale price

ATTORNEY FEE

$800 to $1,500 (typical closing)

REAL ESTATE BROKER FEE

5% of sale price (Staten Island Average)

RECORDING & TRANSFER FEES

$200

 

**** FOR ESTIMATION ONLY ****

**** PLEASE CONSULT A LOCAL STATEN ISLAND ATTORNEY TO VERIFY YOUR CLOSING COSTS ****