Subscribe and receive email notifications of new blog posts.
RSS Feed
14
The Hidden Costs of Selling a Home in Rockville Centre & Oceanside (Is Your
Selling your house for $800,000 does not mean you get a check for $800,000
But as your neighbor and advisor here in Southwestern Nassau, I want you to focus on something more important: your "Walkaway Number"
Here are the three hidden costs that catch sellers in Rockville Centre, Oceanside, and the Town of Hempstead by surprise.
1. The New York State Transfer Tax A lot of people forget that New York State takes a cut right off the top of your sale
-
The Math: It costs roughly $4 for every $1,000 of the sales price
. -
The Reality: On an $800,000 house, that is about $3,200 gone before you even pay off your mortgage
.
2. The Closing Cluster "Closing costs" aren't just about agent commissions
-
Real estate attorney fees
. -
Recording fees
. -
Tax Adjustments: If you haven't paid your school or general taxes for the year yet, that money comes directly out of your pocket at closing
.
3. The Certificate of Occupancy (CO) Trap This is the big one for everyone living in Southwest Nassau
-
Do you have a deck?
-
An unfinished basement?
-
A garage conversion?
If these haven't been legalized, you may spend thousands of dollars in rush fees and contractor bills to fix them before the town lets you close
Don't Rely on Napkin Math Please don't rely on what your neighbors or friends tell you
Before we list your home, I prepare a professional Net Sheet for you
Ready to see what your home is really worth to your bottom line? Call me today. 516-808-1424