What Are Closing Costs When Selling a Home in Levittown?

If you’re preparing to sell your home in Levittown, you’re probably focused on your potential profit—but it’s equally important to understand the costs that come with closing the deal. Knowing what to expect helps you budget accurately and avoid surprises when it’s time to sign the final papers.

Closing costs include everything from attorney fees and title charges to taxes and brokerage commissions. By working with Eric Berman REALTOR, you’ll get a clear estimate of your net proceeds upfront—so you know exactly how much you’ll walk away with at closing.

Understanding Seller Closing Costs

Closing costs are the fees and expenses that sellers pay to finalize the sale of their home. They typically range from 6% to 8% of the total sale price in New York.

Here’s a breakdown of what those costs often include in Levittown:

Common Seller Closing Costs:

• Real Estate Commission: Typically 5–6% of the sale price, split between buyer’s and seller’s agents.

• Attorney Fees: Expect around $1,500–$2,500 for legal representation during the transaction.

• Transfer Taxes: Nassau County sellers usually pay New York State’s transfer tax of 0.4% of the sale price.

• Title Fees: Covering title searches and payoff verification, usually between $300–$500.

• Mortgage Payoff: If you still have a balance on your mortgage, it will be paid from your proceeds.

• Miscellaneous Costs: Could include unpaid property taxes, HOA dues, or minor adjustments.

Preparing for Property Taxes and Adjustments

In Levittown, property taxes are prorated at closing, meaning you only pay for the portion of the year you owned the home.

Example:
If you sell your home in October, you’ll likely need to reimburse the buyer for property taxes they’ll pay for November and December.

Pro Tip: Eric works closely with your attorney and title company to ensure these adjustments are accurate—so you don’t overpay or get caught by surprise.

Handling Repairs and Credits

Sometimes, after inspection, buyers request repairs or ask for a credit toward future work. These negotiations often occur before closing and can slightly impact your final proceeds.

If you want to avoid last-minute surprises, Eric recommends:

• Addressing visible maintenance issues before listing.

• Having a pre-inspection to identify problems early.

• Offering a repair credit upfront to streamline negotiations.

A proactive approach builds buyer trust and prevents delays.

Timing Your Payoffs and Liens

Before closing, your title company will check for outstanding liens or balances tied to your home. This might include:

• Remaining mortgage balance

• Home equity loans or lines of credit

• Utility or contractor liens

These amounts are paid directly from your closing proceeds, ensuring you hand over a clear title.

Estimating Your Net Proceeds

Knowing what you’ll actually walk away with can help you plan your next move with confidence.

Example:
If you sell your Levittown home for $700,000, total closing costs might fall around $45,000–$50,000 depending on commissions, taxes, and legal fees.

Eric provides a personalized net sheet early in the process that outlines every cost line by line, so there are no surprises when you reach the closing table.

Key Takeaways

• Expect closing costs between 6–8% of your home’s sale price.

• Commissions, attorney fees, and transfer taxes make up the bulk of expenses.

• Property taxes are prorated, and mortgage payoffs come out of proceeds.

• Eric Berman REALTOR helps sellers anticipate every cost and maximize their bottom line.

FAQs

1. What’s included in seller closing costs in Levittown?
Typical seller costs include real estate commissions, attorney fees, title charges, transfer taxes, and any prorated property taxes. These are deducted directly from your proceeds at closing.
👉 Contact Eric Berman REALTOR for a detailed breakdown of your estimated closing costs.

2. Can I negotiate who pays the closing costs?
Yes—sometimes buyers agree to cover certain fees as part of the negotiation process. The outcome depends on market conditions and the strength of your offer.
👉 Ask Eric Berman REALTOR how to structure your deal for the best financial outcome.

3. How much are attorney fees when selling a home in Levittown?
Most sellers can expect to pay around $1,500–$2,500 for legal representation. This fee covers contract review, negotiations, and document preparation through closing.
👉 Speak with Eric Berman REALTOR for recommendations on trusted local real estate attorneys.

4. Do I pay property taxes after selling my home?
No, but you may owe prorated property taxes for the portion of the year you owned the home. These are typically settled during closing and reflected in your final statement.
👉 Connect with Eric Berman REALTOR for help reviewing your estimated tax adjustments.

5. How can I find out what my exact closing costs will be?
Your real estate agent or attorney can prepare a seller net sheet showing all estimated expenses based on your sale price.
👉 Reach out to Eric Berman REALTOR to receive your personalized estimate before you list your Levittown home.