What closing costs should I expect when selling a home in Port Washington?

If you’re planning to Sell Home in Port Washington, understanding closing costs ahead of time helps you avoid surprises and plan your net proceeds realistically. While every sale is different, sellers in Port Washington tend to see a familiar set of expenses tied to commissions, legal fees, transfer taxes, and local requirements. With guidance from Eric Berman REALTOR, you can walk into closing prepared, informed, and confident.

Why This Matters in Port Washington

Port Washington homes often carry higher price points than many surrounding areas, which means even small percentage-based costs can add up quickly.

Local factors that affect seller closing costs include:

• North Shore Nassau County transfer taxes

• Attorney involvement (standard in NY)

• Commission structures that are fully negotiable under current NAR rules

• Coastal or waterfront-related documentation and survey requirements

• Timing of property tax adjustments

Because Port Washington includes multiple villages and jurisdictions — such as Baxter Estates, Port Washington North, and Manorhaven — seller costs can vary slightly depending on location and property type.

What Smart Sellers Do First

Before listing, experienced sellers:

1. Request a preliminary net sheet.
   Eric provides a realistic estimate based on current norms and your home’s value.

2. Confirm attorney and transfer tax expectations early.
   New York sellers almost always retain a real estate attorney.

3. Understand commission flexibility.
   Commissions are negotiable and structured transparently under current regulations.

4. Review any village-specific requirements.
   Certain areas may require additional certificates or inspections.

5. Clarify mortgage payoff details.
   Your lender will issue a final payoff at closing.

Typical Closing Costs for Port Washington Sellers

Below are the most common seller expenses. (Always confirm specifics with your attorney or CPA.)

1. Real Estate Commissions

This is usually the largest closing cost.

Key points to know:

• Commissions are fully negotiable

• Buyer-broker compensation is no longer displayed on the MLS

• Sellers and listing agents agree on compensation transparently

• Structures vary depending on marketing strategy and services

Eric Berman REALTOR walks through all options clearly so there are no surprises.

2. New York State Transfer Taxes

In New York, sellers typically pay:

• NY State transfer tax (calculated per $500 of sale price)

• Additional mansion tax if applicable (paid by the buyer, but sellers should still understand it)

Transfer tax requirements vary by price point and should be reviewed with your attorney.

3. Attorney Fees

New York is an attorney state.

Seller attorney fees typically cover:

• contract drafting

• negotiation

• title coordination

• closing representation

Fees vary by firm and transaction complexity.

4. Mortgage Payoff & Recording Fees

If you have a mortgage:

• The remaining loan balance is paid off at closing

• Lenders may charge small administrative or recording fees

Your attorney coordinates this with the title company.

5. Property Tax Adjustments

Property taxes are prorated as of the closing date.

This ensures:

• You pay taxes only for the time you owned the home

• Buyers assume taxes moving forward

Because Nassau County tax schedules can be complex, your attorney will calculate this precisely.

6. Village or Municipal Requirements

Depending on your location, there may be costs for:

• village resale inspections

• certificates of occupancy or compliance

• smoke/CO detector certifications

These are more common in incorporated villages like Baxter Estates or Port Washington North.

7. Optional Seller Expenses

Some sellers also choose to pay for:

• pre-listing repairs

• Compass Concierge improvements

• staging

• professional cleaning

• surveys (if required)

These are optional and strategic — not mandatory.

Local Insights You Can Use

Waterfront & Near-Water Homes

Homes near Manhasset Bay, Hempstead Harbor, or along Shore Road may involve:

• additional survey review

• flood documentation

• insurance coordination

(Always consult licensed insurance professionals for flood or coverage questions.)

Village-Specific Considerations

Properties in:

• Baxter Estates

• Port Washington North

• Manorhaven

may require additional certificates or approvals. Eric coordinates early to avoid delays.

Higher Price Points Mean Planning Matters

In Port Washington, small percentage changes can equal large dollar differences. A net-sheet review before listing is essential.

How Eric Berman REALTOR Helps You Plan Ahead

Eric makes sure you understand the full financial picture before you list.

He provides:

• Clear commission discussions aligned with current NAR rules

• Preliminary net sheets tailored to your sale price

• Coordination with attorneys and title companies

• Guidance on which costs are negotiable vs. fixed

• Timeline planning to avoid last-minute expenses

Transparency builds trust — and smoother closings.

Common Mistakes (and Better Alternatives)

Mistake #1: Waiting until contract to ask about costs.
→ Better: Review a net sheet before listing.

Mistake #2: Assuming all sellers pay the same costs.
→ Better: Costs vary by price, location, and structure.

Mistake #3: Confusing buyer vs. seller responsibilities.
→ Better: Clarify roles early with your agent and attorney.

Mistake #4: Ignoring village requirements.
→ Better: Address certificates and inspections upfront.

Mistake #5: Underestimating commission flexibility.
→ Better: Discuss options openly and transparently.

What Happens Next

If you’re thinking about selling your Port Washington home, understanding closing costs early gives you confidence and control.
The next step is connecting with Eric Berman REALTOR for a personalized net sheet and cost breakdown based on your property and location.

Preparation makes closing day smooth.

FAQs

Q1. How much are closing costs for sellers in Port Washington?
It depends on price, location, and structure. For a personalized estimate, reach out to Eric Berman REALTOR.

Q2. Are real estate commissions negotiable?
Yes — commissions are fully negotiable. Ask Eric to walk through options.

Q3. Do sellers pay the mansion tax?
Typically no, but confirm with your attorney. Connect with Eric to understand how it applies to your sale.

Q4. Are there extra costs for waterfront homes?
Sometimes, depending on documentation needs. Reach out to Eric for guidance.

Q5. Can I see my net proceeds before listing?
Absolutely. Contact Eric Berman REALTOR for a detailed net sheet.

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

www.theericbermanteam.com