What Are Closing Costs When Selling a Home in Bayside, NY?

Conversational Question: What are closing costs when selling a home in Bayside, NY?

Answer: Closing costs when selling a home in Bayside, NY generally range from 1–4% of the sale price, depending on your property type and circumstances. These include transfer taxes, attorney fees, recording fees, and other administrative costs. Eric Berman REALTOR helps Bayside sellers understand these expenses so there are no surprises at closing.

Understanding Closing Costs in New York

Unlike buyers, sellers in New York don’t pay as many fees — but closing costs are still a key part of your net proceeds. In Bayside, closing costs are shaped by both state laws and local property rules (especially for co-ops and condos).

Here’s a breakdown of what you can expect:

Common Closing Costs for Bayside Sellers

1. New York State Transfer Tax

• Rate: $4 per $1,000 of the home’s sale price (0.4%).

• Example: Selling at $950,000 means $3,800 in transfer taxes.

2. NYC Real Property Transfer Tax (RPTT)

• Applies to most sales within New York City.

• Rate varies based on property type and price:

  • 1% if under $500,000.

  • 1.425% if $500,000 or more.

• Example: At $950,000, this would be $13,537.50.

3. Attorney Fees

• In New York, sellers are required to have an attorney.

• Expect $1,500–$3,500 depending on complexity.

4. Title and Recording Fees

• Title company fees, payoff statements, lien searches, and document recording.

• Typically $500–$1,500.

5. Co-op or Condo Fees (if applicable)

• Many Bay Terrace co-ops and Bayside condos charge:

  • Flip taxes (usually 1–3% of the sale price).

  • Move-out or transfer fees.

• These vary widely by building.

Example Closing Costs on a $950,000 Bayside Home

Expense CategoryEstimated AmountNY State Transfer Tax$3,800NYC Transfer Tax (RPTT)$13,537.50Attorney Fees$2,500Title/Recording Fees$1,000Co-op/Condo Fees (if any)$9,500–$28,500Total$20,837–$49,337+

(Numbers are estimates. Always confirm exact costs with your attorney and building management if applicable.)

Other Possible Seller Expenses

In addition to closing costs, Bayside sellers should also plan for:

• Brokerage fees (discussed upfront in your listing agreement).

• Outstanding property taxes or HOA dues due at closing.

• Repairs or credits negotiated during inspection.

How Eric Berman REALTOR Helps Bayside Sellers

Eric Berman REALTOR ensures Bayside sellers are financially prepared for the full transaction by:

• Providing a net sheet that estimates closing costs early in the process.

• Coordinating with attorneys and title companies to confirm fees.

• Explaining co-op and condo specific charges that often surprise sellers.

• Helping maximize your net proceeds through strategic pricing and marketing.

Final Thoughts

So, what are closing costs when selling a home in Bayside, NY? On average, expect 1–4% of your sale price, depending on whether your home is a single-family, condo, or co-op. By working with Eric Berman REALTOR, you’ll have clear expectations and expert guidance to help you keep as much as possible from your sale.

👉 Planning to sell your Bayside home? Contact Eric Berman REALTOR today for a personalized closing cost estimate and net proceeds analysis.

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What are closing costs when selling a home in Bayside, NY? Eric Berman REALTOR explains transfer taxes, attorney fees, and seller expenses to expect.