What Are Closing Costs When Selling a Home in Manhasset?

When you sell a home in Manhasset, the sale price isn’t the same as what you take home. Closing costs affect your final net proceeds, and understanding them upfront helps you plan, price, and negotiate with confidence—without surprises at the closing table.

Why Closing Costs Matter for Manhasset Sellers

Manhasset homes often sell at higher price points, which means small percentage-based costs can add up quickly. Whether you’re selling in Munsey Park, Plandome, Plandome Heights, Strathmore, Flower Hill, Plandome Manor, or North Strathmore, closing costs play a direct role in your bottom line.

Eric Berman REALTOR walks sellers through these numbers early so there are no last-minute questions when contracts are signed.

Common Closing Costs for Sellers in Manhasset

Every transaction is different, but most Manhasset sellers encounter the following expenses.

New York State Transfer Tax

New York State charges a transfer tax of $4 per $1,000 of the sale price, paid by the seller.

Example:

• $1,800,000 sale → $7,200 transfer tax

This is a fixed cost and should always be factored into your net proceeds.

Real Estate Attorney Fees

In New York, sellers use attorneys to handle contracts, negotiations, and closing coordination.

Typical seller attorney fees range from:

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

Homes with trusts, estates, or unique title issues may fall on the higher end.

Real Estate Commission

Commission compensates both the listing agent and the buyer’s agent for their services.

Eric Berman REALTOR explains commission structures clearly and transparently during the listing consultation so expectations are aligned from day one.

Mortgage Payoff Costs

If you still have a mortgage, your remaining loan balance will be paid off at closing.

This includes:

• Outstanding principal

• Accrued interest

• Possible lender processing fees

Eric coordinates directly with your lender to ensure accurate payoff figures.

Title-Related Fees

Although buyers typically purchase title insurance in New York, sellers still incur certain title-related charges, such as:

• Closing attendance fees

• Document pickup and delivery

• Payoff processing fees

These often range from $500–$1,200.

Property Tax Prorations

Depending on the closing date, you may owe prorated property taxes.

Manhasset spans multiple incorporated villages, and tax rates can vary significantly by neighborhood and school district.

HOA or Community Fees (If Applicable)

Some Manhasset properties—particularly in parts of Plandome or private associations—may include:

• Transfer fees

• Move-out fees

• Outstanding dues

Single-family homes often do not have HOAs, but it’s important to confirm.

Repair Credits or Seller Concessions

If inspection negotiations result in credits or concessions, those amounts are deducted from your proceeds at closing.

Eric helps negotiate these items strategically to protect your net.

Typical Total Closing Cost Range

While every transaction is unique, most Manhasset sellers can expect total closing costs to fall between 5%–8% of the sale price, including commission and taxes.

Your actual total depends on:

• Sale price

• Mortgage payoff

• Attorney fees

• Negotiated concessions

• Timing of closing

Eric provides a detailed net sheet so you can see exactly how each cost affects your bottom line.

Costs Sellers Often Forget to Plan For

Some expenses aren’t technically “closing costs” but still impact your net.

These may include:

• Pre-listing repairs

• Staging or cleaning

• Final utility bills

• Moving costs

Eric helps sellers plan holistically—not just for closing day.

How Eric Berman REALTOR Helps You Prepare

Eric ensures clarity at every stage by providing:

• Estimated net sheets

• Sale-price scenarios

• Lender coordination

• Attorney communication

• Timeline management

• Negotiation guidance

You’ll always know where you stand financially before moving forward.

Closing costs are a normal part of selling a home in Manhasset, but they shouldn’t catch you off guard. With Eric Berman REALTOR guiding your sale, you’ll understand your numbers clearly, plan confidently, and move toward closing without surprises.

FAQs

What closing costs do sellers usually pay in Manhasset?
Transfer tax, attorney fees, commission, mortgage payoff, and prorated taxes. Ask Eric Berman REALTOR for a full breakdown.

How much should I expect to pay in total closing costs?
Most sellers fall between 5%–8% of the sale price. Contact Eric for a personalized estimate.

Do sellers pay the mansion tax in New York?
No—buyers typically pay it. Eric can explain how it impacts negotiations.

Can closing costs be negotiated?
Some items can be negotiated depending on the deal. Reach out to Eric to discuss strategy.

Will I know my net proceeds before closing?
Yes—Eric provides detailed net sheets early. Request yours here.

Eric Berman, REALTOR®
Compass Greater NY
917-225-8596
eric@ericbermanre.com
www.theericbermanteam.com