What Are the Closing Costs When Selling a Home in Levittown?

Closing costs often catch Levittown sellers off guard — not because they’re unexpected, but because many homeowners aren’t sure what’s included until they’re deep into the process. Knowing what you’ll actually pay (and when) helps you plan accurately and avoid surprises at the closing table.

What Are Seller Closing Costs in Levittown?

Seller closing costs are the expenses you’re responsible for paying when your home sale is finalized. These costs are deducted from your proceeds at closing and vary depending on the sale price, mortgage balance, and specific circumstances of your transaction.

In Levittown, seller closing costs typically range from 6% to 8% of the sale price, though this can vary.

Real Estate Commission

The largest closing cost for most sellers is the real estate commission.

This typically covers:

• Listing agent services

• Buyer’s agent compensation

• Marketing, photography, and exposure

• Negotiation and transaction coordination

Commission structures can vary, and your agent should explain this clearly upfront so you understand exactly how it impacts your net proceeds.

New York State Transfer Taxes

When selling a home in Levittown, you’ll be responsible for New York State transfer tax.

• State transfer tax: $2 per $500 of the sale price

  • Example: On a $600,000 sale, the transfer tax is $2,400

This tax is paid by the seller at closing and is standard across New York.

Attorney Fees

In New York, attorneys play a central role in real estate transactions.

Seller attorney fees typically range from:

• $1,500 to $3,000, depending on complexity

Your attorney handles contract negotiations, prepares closing documents, and ensures a proper transfer of ownership.

Title-Related Costs (Seller Responsibilities)

While buyers usually pay for title insurance, sellers may be responsible for certain title-related items, such as:

• Clearing existing liens

• Resolving judgments or violations

• Providing required affidavits

If title issues arise, resolving them early helps avoid delays.

Mortgage Payoff and Related Fees

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

You may also see:

• Lender payoff processing fees

• Prepayment penalties (rare, but possible)

• Interest prorated through the closing date

Your attorney or agent can help you request a payoff letter early in the process.

Repairs, Credits, and Concessions

Negotiated costs can impact your net proceeds.

These may include:

• Inspection repair credits

• Appraisal-related concessions

• Buyer closing cost assistance (if negotiated)

These aren’t automatic costs, but they’re common negotiation points in Levittown transactions.

Adjustments and Prorations

At closing, certain expenses are prorated between buyer and seller, including:

• Property taxes

• School taxes

• Water and utility bills

These adjustments ensure each party pays their fair share based on ownership dates.

How to Estimate Your Net Proceeds Accurately

A net sheet gives you a realistic estimate of what you’ll walk away with after all costs.

Eric Berman REALTOR® provides Levittown sellers with a detailed net proceeds breakdown that accounts for:

• Sale price scenarios

• Estimated closing costs

• Mortgage payoff

• Potential concessions

This clarity helps you make informed decisions from the start.

FAQs

1. How much are seller closing costs in Levittown?

Most Levittown sellers pay between 6% and 8% of the sale price in total closing costs, depending on commission, taxes, and attorney fees. For a personalized estimate, connect with Eric Berman REALTOR®.

2. Do sellers pay the New York transfer tax?

Yes. Sellers pay the New York State transfer tax at closing, which is calculated based on the sale price. If you want help estimating this cost, reach out to Eric Berman REALTOR®.

3. Are attorney fees required when selling a home in Levittown?

Yes. New York requires attorneys to handle contracts and closings, and seller attorney fees typically range from $1,500 to $3,000. For guidance, contact Eric Berman REALTOR®.

4. Can closing costs be negotiated with the buyer?

Some costs, such as repair credits or concessions, can be negotiated depending on market conditions and offer strength. To understand your options, speak with Eric Berman REALTOR®.

5. How do I know what I’ll net from my Levittown home sale?

A net proceeds estimate accounts for all closing costs, mortgage payoff, and negotiated credits. You can request a detailed net sheet from Eric Berman REALTOR®.

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