How Much Does It Cost to Sell My Home in Port Washington?

If you’re planning to sell your Port Washington home, it’s important to understand the costs involved so you can plan ahead and avoid surprises at closing. While your bottom line will depend on your specific situation, most sellers can expect a combination of commissions, fees, and closing costs.

1. Real Estate Commission (3%–6%)

Traditionally, the largest expense for sellers is the commission paid to real estate agents.

• Typical range: 3%–6% of the sale price, though this is negotiable.

• In Port Washington, many sellers work with full-service agents who provide pricing strategy, marketing, negotiation, and transaction management.

Post–NAR Settlement Changes

Before the recent NAR settlement, the seller’s agent often offered compensation to the buyer’s agent through the MLS.
Now, that practice is no longer a given:

• Sellers can choose whether to offer any buyer-agent compensation.

• If you do, it must be negotiated up front and clearly outlined in the listing agreement.

• Some sellers offer nothing; others still provide an incentive to attract more buyers and their agents.

• The decision can impact how many buyers see — and seriously consider — your home.

2. Transfer Taxes & Recording Fees

In New York, sellers pay a state transfer tax of 0.4% of the sale price (or $4 per $1,000).
If the home sells for more than $3 million, a “mansion tax” applies — typically paid by the buyer, but this can be negotiated.

3. Attorney Fees

In New York, both buyer and seller are represented by attorneys. Seller attorney fees in Port Washington typically range from $2,000–$3,500, depending on the complexity of the transaction.

4. Additional Costs to Consider

• Title-related fees (e.g., payoff statements, lien releases)

• Home preparation costs (repairs, staging, cleaning)

• Outstanding property taxes or HOA dues

• Mortgage payoff (including any prepayment penalties)

Estimated Seller Cost Example

For a $1,200,000 home sale in Port Washington:

• Commission (5%): $60,000

• Transfer Tax (0.4%): $4,800

• Attorney Fees: $2,500

• Miscellaneous & Prep Costs: $1,500+

Estimated Total: ~$68,800 (not including mortgage payoff)

Bottom Line:
Selling a home in Port Washington typically costs between 5%–7% of the sale price, depending on your commission agreement and preparation expenses. Post–NAR settlement, you now have more flexibility — and more decisions to make — when it comes to paying a buyer’s agent.

Thinking of selling? Contact Eric Berman for a customized net sheet and strategy to maximize your profit.