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 for Bayside, NY home sellers typically range between 6% and 8% of the sale price. They include real estate commissions, transfer taxes, attorney fees, title charges, and other miscellaneous costs. Eric Berman REALTOR helps Bayside sellers understand and plan for these expenses before listing, so there are no surprises at closing.

What Are Closing Costs?

Closing costs are the fees and taxes associated with finalizing the sale of your home. They’re paid at the closing table — when ownership officially transfers to the buyer.

While some costs are shared between buyer and seller, most seller-side expenses in Bayside are predictable and can be estimated before listing.

Typical Seller Closing Costs in Bayside, NY

CategoryDescriptionEstimated CostReal Estate CommissionTypically split between listing and buyer’s agents4%–6% of sale priceNew York State Transfer Tax$4 per $1,000 of sale price0.4%NYC Real Property Transfer Tax (RPTT)Applies to properties in NYC1.0%–1.425% depending on priceAttorney FeesFlat or hourly fee for legal representation$1,500–$3,000Title Company FeesCovers title searches and document prep$300–$600Recording FeesFiling the deed and closing documents$200–$400Mortgage PayoffRemaining loan balance if applicableVariesCo-op/Condo Fees (if applicable)Move-out fees, flip taxes, and board fees$500–3% of sale priceMiscellaneous CostsCourier, notary, and wire fees$100–$250

Example: Estimated Closing Costs for a $950,000 Bayside Home

Cost ItemEstimated AmountReal Estate Commission (5%)$47,500NY State Transfer Tax (0.4%)$3,800NYC RPTT (1.425%)$13,537Attorney Fee$2,000Title & Recording$500Miscellaneous$200Total (Approx.)$67,537

(If selling a co-op in Bay Terrace or Windsor Park, flip taxes could add another $9,500–$28,000.)

Who Pays for What in a Bayside Home Sale?

• Seller Pays: Commissions, transfer taxes, attorney, and title fees.

• Buyer Pays: Loan origination, inspection, appraisal, and their own closing costs.

However, these can sometimes be negotiated — especially if the buyer requests credits in lieu of repairs.

When Are Closing Costs Paid?

All seller-side closing costs are paid at the time of closing and deducted directly from your proceeds. You’ll receive a detailed breakdown in your Closing Statement (HUD-1) prepared by your attorney and title company.

How to Reduce Your Closing Costs

1. Negotiate Commission: Discuss flexible structures with your agent.

2. Shop Around for Attorneys: Fees vary between firms.

3. Sell “As-Is”: Avoid repair credits or last-minute concessions.

4. Understand Your Net Proceeds: Eric Berman REALTOR provides an upfront estimate so you know what you’ll walk away with.

How Eric Berman REALTOR Helps Bayside Sellers Plan Ahead

• Creates a custom net sheet outlining your estimated sale proceeds.

• Coordinates with your attorney and title company early.

• Helps you identify potential savings or negotiation opportunities.

• Keeps your transaction compliant with NAR, RESPA, and Fair Housing regulations.

This proactive approach ensures you’re financially prepared long before closing day.

Final Thoughts

So, what are closing costs when selling a home in Bayside, NY? Most sellers can expect to pay around 6%–8% of their home’s sale price in fees and taxes. By understanding these costs upfront — and working with a local expert like Eric Berman REALTOR — you can plan ahead, avoid surprises, and confidently move to your next chapter.

👉 Ready to see your estimated net proceeds? Contact Eric Berman REALTOR today for a personalized seller cost breakdown.

Meta Description:
What are closing costs when selling a home in Bayside, NY? Eric Berman REALTOR explains seller fees, taxes, and what to expect at closing.