What Are Closing Costs When Selling a Home in Manhasset?

Selling a home in Manhasset involves more than just finding a buyer and signing on the dotted line — you’ll also have to account for closing costs. These are the expenses deducted from your home sale proceeds at the closing table, and understanding them upfront helps you plan accurately. With Eric Berman REALTOR guiding your transaction, you’ll know exactly what to expect, when to expect it, and how to minimize unnecessary costs.

What Exactly Are Closing Costs?

Closing costs are the fees and expenses required to finalize a real estate transaction.
For sellers, they generally include agent commissions, attorney fees, taxes, and other charges associated with transferring ownership.

In Manhasset, these costs typically range from 6% to 8% of the sale price, though the exact figure depends on your property type, timing, and negotiated terms.

Eric ensures you receive a clear breakdown before listing — so there are no surprises when you close.

Common Closing Costs for Manhasset Home Sellers

Here’s what you can expect when selling a home in Manhasset:

1. Real Estate Agent Commission

Usually the largest expense, commissions typically total 5%–6% of the sale price, split between your listing agent and the buyer’s agent.
Eric Berman REALTOR’s marketing and negotiation expertise ensures you earn the strongest possible net proceeds from your sale.

2. Attorney Fees

New York State requires real estate attorneys for both buyers and sellers.
Expect to pay around $1,500–$3,000, depending on the complexity of your transaction.

3. Transfer Taxes

Nassau County imposes transfer taxes of approximately $4.35 per $1,000 of the sale price.
For example, if your home sells for $1,000,000, your transfer tax would be about $4,350.

4. Recording Fees

These small administrative costs — generally between $200–$400 — cover the legal recording of the property transfer with the county.

5. Title Fees (if applicable)

In some cases, sellers may need to pay for title search updates or outstanding lien resolutions, typically a few hundred dollars.

6. Outstanding Property Taxes or HOA Dues

Any unpaid taxes, utility bills, or homeowners’ association fees must be settled before closing.

7. Repairs or Concessions

If the buyer requests credits following inspection, these appear as line items on your closing statement. Eric negotiates strategically to minimize unnecessary credits.

How Much Will You Actually Net?

To estimate your net proceeds, subtract the following from your expected sale price:

• Total closing costs

• Mortgage payoff (if applicable)

• Any agreed-upon credits to the buyer

Eric provides every seller with a detailed Net Sheet, projecting your bottom line so you can make informed financial decisions before accepting an offer.

Can You Lower Closing Costs?

Yes — with the right preparation and negotiation strategy. Here’s how Eric helps clients reduce unnecessary expenses:

• Competitive marketing to attract stronger offers and reduce concession pressure.

• Early payoff verification to avoid last-minute fees.

• Compass Concierge to cover pre-sale improvements that increase your home’s sale price.

• Vendor relationships with trusted attorneys and title professionals for fair, transparent pricing.

What’s Paid by the Buyer vs. Seller?

ExpenseTypically Paid ByReal estate commissionsSellerTitle insuranceBuyerAttorney feesBothTransfer taxesSellerRecording feesSellerInspection/appraisalBuyerProperty taxes (prorated)Both

Understanding these distinctions early helps prevent confusion at the closing table.

Why Work With Eric Berman REALTOR

• Transparent Guidance: You’ll receive a full cost breakdown before listing.

• Local Knowledge: Deep understanding of Nassau County tax structures and legal nuances.

• Negotiation Expertise: Protects your net proceeds at every step.

• Compass Systems: Seamless transaction coordination for a stress-free closing.

Selling your home in Manhasset should feel exciting, not overwhelming. With Eric Berman REALTOR, you’ll know exactly where every dollar goes — and walk away from the closing table confident, informed, and satisfied.

People also ask

• What fees are sellers responsible for when closing in Manhasset?

• How can I estimate my net proceeds before selling my home?

• Are transfer taxes higher in Nassau County than in other parts of Long Island?

• Do sellers or buyers pay attorney fees in New York?

• How can Eric Berman help reduce closing costs when selling a home?