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

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

Answer:
Closing costs for Levittown sellers typically include real estate commissions, New York State transfer taxes, attorney fees, and title or recording charges. On average, sellers can expect to pay about 6–10% of the home’s sale price in total transaction costs.

What Are Closing Costs?

Closing costs are the fees and expenses due at the end of your home sale. They are separate from paying off your mortgage balance and represent the administrative, legal, and professional costs of completing the transaction.

Typical Closing Costs for Levittown Sellers

1. Real Estate Commission

• Usually the largest cost, around 3–6% of the sale price.

• Split between the buyer’s agent and seller’s agent.

• Post-NAR settlement, commissions are more transparent, and Eric Berman REALTOR ensures you understand your options.

2. New York State Transfer Tax

• Set at 0.4% of the sale price ($4 per $1,000).

• Example: $650,000 Levittown home = $2,600 transfer tax.

3. Attorney Fees

• Attorneys handle contracts and closing in New York.

• Typically $1,500–$3,000, depending on complexity.

4. Title and Recording Fees

• Cover deed filing and other paperwork.

• Around $500–$1,000 in Nassau County.

5. Mortgage Payoff

• If you have an outstanding mortgage, the balance is paid at closing.

• Be sure to check for any prepayment penalties (rare but possible).

6. Additional Costs (Optional or Situational)

• Home preparation (repairs, staging, landscaping).

• Concessions or credits to buyers (e.g., for inspection issues).

Example: Closing Costs on a $650,000 Levittown Home

CategoryEstimated CostCommission (5%)$32,500Transfer Tax$2,600Attorney Fees$2,000Title & Recording Fees$750Total (Excl. Mortgage)$37,850

👉 Net proceeds depend on your mortgage payoff and whether you invest in prep/staging.

How Levittown Compares

• Levittown: Average seller closing costs 6–10%.

• NYC Sellers: Higher, due to city-specific transfer taxes.

• Luxury Markets (Manhasset, Garden City): Higher costs in absolute dollars due to higher prices.

Levittown’s mid-range affordability keeps closing costs manageable for sellers.

How Eric Berman REALTOR Helps

• Transparency: Breaks down your exact expected costs before listing.

• Negotiation: Advises on whether concessions or credits are needed to close deals.

• Trusted Referrals: Recommends attorneys and professionals who keep fees fair and processes smooth.

Common Seller Questions

Q: Can I avoid paying commission?
Only if you sell FSBO, but most sellers net less money overall without an agent.

Q: Who pays for title insurance?
Buyers usually cover title insurance; sellers pay for deed transfer fees.

Q: Can I roll costs into the transaction?
Yes, closing costs are deducted directly from your proceeds at closing.

Key Takeaways

• Expect 6–10% of your sale price in total costs.

• Major expenses include commission, transfer taxes, and attorney fees.

• Levittown sellers benefit from lower costs than NYC sellers.

• Eric Berman REALTOR ensures you understand costs upfront and maximize your net proceeds.

Conclusion: Plan Ahead for Closing Costs

Closing costs are an important part of selling a home in Levittown, but they don’t need to be a surprise. With the right preparation and local expertise, you can plan ahead and walk away confident in your net proceeds. Partnering with Eric Berman REALTOR ensures you’ll have a clear breakdown and a strategy to offset costs with a strong sale price.

👉 Call to Action:
Selling your Levittown home? Contact Eric Berman REALTOR today for a free consultation and a personalized estimate of your closing costs.

Meta Description:
What closing costs should Levittown sellers expect? Eric Berman REALTOR breaks down commissions, transfer taxes, and fees so you know your net proceeds.