Our Step-by-Step Guide to
Selling in NYC
1. Seller Consultation
2. Complete listing paperwork
3. Prepare your property for market
4. Develop our marketing strategy
5. Pre-market and promote your property to Compass Agents
6. List property online
7. Show property
8. Review offers and negotiate optimal terms
9. Appraisal (if buyer is financing)
10. Review board application (if applicable)
11. Final walk-through
12. Closing!
Estimated Closing Costs
Broker Commission
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Negotiable
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Legal
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Attorney: $2,500 - $5,000​
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Building
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Co-op Attorney / Managing Agent Closing Fee: $400 - $1,000
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Move-out Fee: $500-$1,000
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Refundable Move-out Deposit: $500-$1,000
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Flip Tax: Refer to Managing Agent (typically 1 - 3% of purchase price or $ per share)
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NY Stamp Tax: $0.05 per share
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Bank
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Payoff Fees: $500 - $1,000
Government
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Residential Transfer Tax:
< $500K: 1.00%
> $500K: 1.425% -
Progressive NY State Transfer Tax:
< $3M: 0.4%
> $3M: 0.65% -
Transfer Tax Filing Fee: $100
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UCC-3 Filing Fee: $125
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© 2023 by Kelly Waters Team.
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Kelly Waters Team is a team of licensed real estate salespersons affiliated with Compass. Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.