The Selling Process
The Scholz team has years of established relationships throughout New York City, and is ready to leverage these contacts to help you sell your home or investment. We have a team of trusted professionals to help you through every step- from staging and photography to handling any legal hurdles that arise- we are on your side.
Closing Costs
For Condominiums
Broker:
6% of the selling price
Seller’s Attorney:
$ 1,500 – $ 5,000 +
Managing Agent fee:
$ 450.00 +
Move-out deposit:
$ 500 – 1,000.00 (sometimes re-funded)
New York City Transfer Tax:
1% of selling price up to $ 500,000.00 And 1.425% of price over $ 500,001.00 (Paid by the seller unless the seller is a sponsor or developer)
New York State Transfer Tax:
0.4% (paid by seller, unless the seller is a sponsor or developer)
Miscellaneous Title fees:
$ 100.00
Payoff Bank Attorney:
$ 300.00
For Co-operatives
Broker:
6% of the Selling price
Seller’s Attorney:
$ 1,250 – $ 5,000 +
Co-op Attorney:
$ 450.00
Flip Tax:
Varies from building to building (1% -3% of the selling price) paid to the building usually to beef up their cash reserves.
Stock Transfer Tax:
$ 0.05 per share
Move-Out deposit:
$ 500.00 + (sometimes re-funded)
New York City Transfer Tax:
$ 1% of price up to $ 500,000.00, AND 1.425% of the selling price over $ 500,001.00 (paid by the seller, except a Sponsor.) + $ 25.00 recording fee
New York State Transfer Tax:
0.4%
UCC-3 Filing Fee:
$ 20.00