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

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

Answer:
Closing costs for Levittown home sellers typically range from 6% to 8% of the sale price, covering real estate commissions, transfer taxes, attorney fees, and miscellaneous administrative charges. Understanding these costs upfront helps you plan for your net proceeds and avoid last-minute surprises.

1. Typical Closing Costs for Levittown Sellers

Cost CategoryEstimated Amount / RangeWho PaysReal Estate Commission5%–6% of sale priceSellerNew York State Transfer Tax0.4% of sale price ($4 per $1,000)SellerAttorney Fees$1,500–$2,500SellerTitle/Recording Fees$500–$1,000SellerOutstanding Property Taxes or UtilitiesVariesSellerTermite or CO Inspections$100–$500SellerMortgage Payoff / Lien ClearanceBased on loan balanceSellerMiscellaneous Admin Fees$200–$400Seller

Average Total:
For a Levittown home selling at $700,000, expect $42,000–$56,000 in total closing costs.

2. Real Estate Commission

This is typically the largest portion of a seller’s closing costs.

• Standard commission in Levittown is 5%–6%, shared between the listing and buyer’s agents.

• After the recent NAR settlement, commission rates are fully negotiable and must be agreed to in writing.

• Your agent, like Eric Berman REALTOR, provides a clear breakdown in advance so you know exactly what you’re paying for.

Example:
If your home sells for $700,000 and the total commission is 5.5%, the total is $38,500—split between both agents’ brokerages.

3. New York State Transfer Tax

A standard 0.4% state tax applies to all residential property sales.

• Example: On a $700,000 sale, your transfer tax equals $2,800.

• Paid at closing by the seller.

4. Attorney Fees

In New York, every seller must have an attorney to handle the closing.

• Average cost: $1,500–$2,500

• Covers drafting the deed, reviewing contracts, and disbursing proceeds.

• If issues like open permits or title defects arise, legal fees may increase.

5. Title Search and Recording Fees

Your attorney will coordinate with the title company to:

• Confirm ownership and lien status.

• Record the deed transfer with Nassau County after closing.

Estimated Total: $500–$1,000.

6. Municipal and Inspection Fees

Levittown sellers often must address small local requirements before closing:

• Certificate of Occupancy (CO) updates for additions or finished basements.

• Smoke/Carbon Monoxide Detector Compliance.

• Termite inspections if required by the buyer’s lender.

Budget $100–$500 for these minor but necessary items.

7. Property Tax Adjustments

If you’ve prepaid property taxes, you’ll receive a credit for the portion covering after the closing date.
If you owe back taxes, those amounts are deducted from your proceeds.

Levittown property taxes average $11,000–$13,000 annually, so these prorations can be substantial.

8. Paying Off Your Mortgage

If you still have an outstanding mortgage, the balance will be deducted from your sale proceeds at closing.
Your attorney will coordinate the payoff statement with your lender to ensure a smooth release of the lien.

9. Optional Costs (But Worth Considering)

• Compass Concierge Improvements: Costs for pre-sale updates are paid back at closing—interest-free.

• Staging or Cleaning Services: Often yield higher offers, helping offset expenses.

• Pre-Listing Inspection: Can prevent post-offer renegotiations.

Real Example from Levittown

A seller on Gardiners Avenue sold their updated Cape for $690,000. Their total closing costs were:

• Commission (5%): $34,500

• Transfer Tax: $2,760

• Attorney + Fees: $2,000

• Miscellaneous: $400
  Net to Seller: $650,000+ after all costs and mortgage payoff—exactly as projected in Eric Berman’s pre-listing net sheet.

How Eric Berman REALTOR Helps You Prepare

• Transparent Net Sheets: Detailed breakdowns showing what you’ll walk away with.

• Vendor Coordination: Connects you with attorneys, title companies, and inspectors.

• Smart Pricing Strategy: Helps offset closing costs by maximizing sale price.

Common Seller Questions

Q: Can I roll closing costs into my next home purchase?
Not directly—but Eric helps structure your sale and purchase timelines to optimize cash flow.

Q: Who pays closing costs in Levittown?
Sellers pay the majority, while buyers handle loan-related costs.

Q: Can I negotiate any of these fees?
Yes—commissions and certain attorney or service fees are negotiable.

Key Takeaways

• Expect 6%–8% of your sale price in total closing costs.

• Commissions and taxes make up the largest portion.

• Eric Berman REALTOR helps you calculate your net proceeds with precision before listing.

• Transparency prevents surprises and ensures a smooth closing.

Conclusion: Know Your Net, Not Just Your Sale Price

Selling a home in Levittown means understanding what you’ll take home—not just what you’ll sell for. With Eric Berman REALTOR, you’ll receive full transparency on closing costs, clear net sheet estimates, and expert advice to maximize your profit.

👉 Call to Action:
Thinking of selling? Contact Eric Berman REALTOR for a personalized net sheet and a detailed breakdown of your closing costs before you list.

Meta Description:
Wondering what closing costs you’ll pay when selling in Levittown? Eric Berman REALTOR breaks down commissions, taxes, and fees so you know your true net.