What Are the Biggest Expenses When Selling a Home in Bayside, NY?

Conversational Question: What are the biggest expenses when selling a home in Bayside, NY?

Answer: The biggest expenses when selling a home in Bayside, NY typically include real estate commissions, transfer taxes, attorney fees, and potential repair or staging costs. On average, Bayside home sellers spend about 6%–8% of the sale price on closing-related expenses. Eric Berman REALTOR helps sellers plan ahead by estimating total costs and maximizing net proceeds.

Understanding Seller Expenses

Selling a home is an investment in presentation and negotiation.
While many of the costs come at closing, understanding them early helps you price strategically and avoid surprises.

Below are the key expenses every Bayside seller should anticipate.

1. Real Estate Commission

The largest expense for most sellers is the commission — typically 5%–6% of the sale price — split between the listing and buyer’s agents.

After the NAR settlement, commissions are fully negotiable and must be clearly disclosed.
Eric Berman REALTOR helps sellers choose compensation structures that fit their goals while maintaining strong buyer exposure.

2. Transfer Taxes

When selling in Bayside, you’ll likely owe New York State and New York City transfer taxes:

• New York State Transfer Tax: 0.4% of the sale price ($4 per $1,000).

• NYC Real Property Transfer Tax (RPTT): 1.0%–1.425% depending on price.

For example, selling a $900,000 home could mean about $12,000–$16,000 in transfer taxes combined.

3. Attorney Fees

Real estate attorneys are required in New York transactions.
Expect to pay $1,500–$3,000 depending on your attorney’s experience and the complexity of the deal.

Your attorney will:

• Review contracts

• Coordinate with the buyer’s attorney

• Ensure compliance with the NAR settlement and local laws

• Manage closing documentation

4. Title and Recording Fees

These cover the administrative costs of transferring ownership:

• Title search and insurance: $300–$600

• Recording fees: $200–$400

These charges are relatively small but necessary for all Bayside closings.

5. Repairs and Improvements

Pre-listing updates can boost your sale price — but they’re also a variable expense.

Common Bayside improvements include:

• Painting and minor carpentry: $1,000–$3,000

• Landscaping: $300–$1,000

• Light staging: $500–$2,000

Eric Berman REALTOR can coordinate updates through Compass Concierge, which covers upfront costs and deducts repayment at closing — no interest or fees.

6. Staging and Photography

Professional presentation makes a huge difference.

• Photography and videography: $300–$800

• Staging: $1,000–$5,000 (depending on size and condition)

Compass includes professional photography in its listing services, ensuring your home stands out across platforms like Zillow and StreetEasy.

7. Property Taxes and Utilities

You’ll owe prorated property taxes, water, and utilities through your closing date.
Your attorney will calculate this precisely during settlement.

For Bayside homes, annual property taxes typically range between $7,000–$10,000 — meaning prorated costs can add a few thousand dollars.

8. Mortgage Payoff and Liens

If you still have a mortgage, the remaining balance will be paid off directly from your sale proceeds.
Make sure there are no secondary liens (like a home equity line of credit), as they must be cleared before closing.

9. Moving Costs

While often overlooked, moving can add up — especially for long-distance relocations.
Typical local moves in Bayside cost $1,000–$3,000, depending on volume and distance.

Eric’s relocation network can connect you with vetted moving professionals who handle everything from packing to interstate transfers.

Example Breakdown: $950,000 Bayside Home Sale

ExpenseEstimated CostReal Estate Commission (5%)$47,500Transfer Taxes$13,500Attorney Fees$2,000Title & Recording$500Repairs/Staging$3,000Photography$500Moving Costs$2,000Total Estimated Costs$69,000 (≈7.3%)

How Eric Berman REALTOR Helps Bayside Sellers Plan Ahead

• Prepares a detailed net sheet outlining your estimated proceeds after all costs.

• Uses Compass data tools to recommend smart pricing and timing strategies.

• Coordinates trusted professionals (stagers, movers, attorneys) for a seamless process.

• Minimizes unnecessary expenses through negotiation and resource optimization.

With Eric’s expertise, you’ll have complete clarity — from listing day to closing day.

Final Thoughts

So, what are the biggest expenses when selling a home in Bayside, NY?
Expect to invest 6–8% of your sale price in commissions, taxes, and transaction costs — but the right agent ensures you net more overall.

Eric Berman REALTOR combines transparent cost guidance with Compass’s marketing power to help you achieve your highest possible return.

👉 Thinking about selling your Bayside home? Contact Eric Berman REALTOR today for a personalized net sheet and cost analysis.

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What are the biggest expenses when selling a home in Bayside, NY? Eric Berman REALTOR breaks down commissions, taxes, and other seller costs.