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

If you’re getting ready to Sell Home in Port Washington, one of the most common questions sellers ask is what they’ll actually pay at closing. While the sale price gets the attention, closing costs determine your true net proceeds. Understanding typical seller expenses—and how they vary by property and micro-market—helps you plan accurately and avoid surprises. With guidance from Eric Berman REALTOR, you can walk into closing prepared and confident.

Why This Matters in Port Washington

Port Washington closing costs can vary based on:

• village or unincorporated location (Manorhaven, Baxter Estates, Port Washington North, etc.)

• sale price and property type

• attorney-driven transaction structure in New York

• whether the home is waterfront, cooperative, or part of a village with additional requirements

Because many sellers are moving up, downsizing, or relocating, knowing your expected net proceeds early is especially important for planning your next purchase.

What Smart Sellers Do First

Before listing, experienced sellers:

1. Review a seller net sheet with Eric early.
   This sets realistic expectations from day one.

2. Confirm property tax status.
   STAR, exemptions, or adjustments can affect prorations.

3. Identify village-specific requirements.
   Some areas require additional inspections or fees.

4. Plan for attorney involvement.
   New York closings are attorney-led, which affects cost structure.

5. Build in a buffer.
   Small prorations and adjustments are common.

Typical Closing Costs for Port Washington Sellers

1. Real Estate Brokerage Compensation

Brokerage compensation is negotiable and agreed upon in advance.

This covers:

• pricing strategy

• marketing and exposure

• buyer coordination

• negotiation and transaction management

Eric clearly explains all options upfront so there are no surprises.

2. New York State Transfer Taxes

Most sellers pay a state transfer tax based on the sale price.

• Calculated as a percentage of the final price

• Due at closing

(For exact calculations, consult your real estate attorney or CPA.)

3. Attorney Fees

New York sellers typically hire a real estate attorney.

Attorney fees generally cover:

• contract preparation and review

• negotiation of terms

• coordination through closing

Fees vary, but they’re a standard and expected seller expense.

4. Property Tax Prorations

Property taxes are prorated between buyer and seller as of the closing date.

This ensures each party pays their fair share for the year.

5. Village or Municipal Fees

Depending on location, you may encounter:

• village transfer fees

• municipal inspection costs

• final water or utility adjustments

These vary in Manorhaven, Baxter Estates, and Port Washington North.

6. Mortgage Payoff and Recording Adjustments

If you have an existing mortgage:

• payoff statements are ordered

• interest is calculated through the payoff date

• recording or satisfaction fees may apply

Your attorney and lender handle coordination.

Local Insights You Can Use

Village Homes May Have Extra Steps

Homes in incorporated villages often require:

• additional inspections

• certificates or sign-offs

• separate village fees

Knowing this early helps avoid closing delays.

Waterfront Homes May Include Additional Adjustments

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

• additional insurance-related documentation

• utility or service prorations

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

Timing Affects Prorations

Closing later in the tax year can increase the seller’s tax credit to the buyer, which impacts net proceeds.

How Eric Berman REALTOR Helps You Plan Accurately

Eric helps sellers understand their financial picture well before closing.

He provides:

• Clear seller net sheets early in the process

• Coordination with attorneys and title professionals

• Up-front explanation of negotiable vs. fixed costs

• Guidance on how pricing and concessions affect net proceeds

• Ongoing updates as terms evolve

Clarity reduces stress and helps you plan your next move.

Common Mistakes (and Better Alternatives)

Mistake #1: Waiting until closing to understand costs.
→ Better: Review a net sheet before listing.

Mistake #2: Assuming costs are identical for every home.
→ Better: Factor in location and property type.

Mistake #3: Forgetting about tax prorations.
→ Better: Plan for timing-related adjustments.

Mistake #4: Confusing concessions with closing costs.
→ Better: Separate deal terms from standard expenses.

Mistake #5: Relying on estimates without professional review.
→ Better: Confirm details with your attorney and Eric.

What Happens Next

If you’re considering selling your Port Washington home, understanding closing costs early helps you make confident decisions about pricing, timing, and your next purchase.
A conversation with Eric Berman REALTOR can give you a clear estimate of what to expect and help you plan your sale strategically from day one.

Preparation protects your bottom line.

FAQs

Q1. How much should I budget for seller closing costs in Port Washington?
Costs vary by price and location. Reach out to Eric Berman REALTOR for a personalized estimate.

Q2. Are real estate commissions negotiable?
Yes — compensation is always negotiable. Connect with Eric to discuss options.

Q3. Do village homes have higher closing costs?
Sometimes, due to additional fees. Ask Eric how your village compares.

Q4. When are property taxes prorated at closing?
Taxes are adjusted as of the closing date. Reach out to Eric for timing guidance.

Q5. Can closing costs be estimated before listing?
Yes — that’s recommended. Contact Eric Berman REALTOR for a seller net sheet.

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

www.theericbermanteam.com