What should I know as a Homeowner selling my House?

If you’re a homeowner selling a house, there are certain cost involved.  Some of these cost arise before you can consult me as an attorney and that probably involves fixing up a house to have it marketable.

In New York City there are transfer taxes for any house over five hundred thousand. Expect to pay 1.4% in transfer taxes in privilege of selling your home in New York City. The single biggest cost that a seller might have is the real estate broker commission.

If you use a broker and those range around 6 percent, I always recommend my clients try to negotiate that 6% is the maximum you  want to pay,  but hopefully you can get it down to 3-5%.

This blog was provided by Irwin Weinstein, one of our experienced Brooklyn Real Estate Attorneys.

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The personal injury law firm of Goldberg & Chase, LLP. in Brooklyn, New York represents clients throughout the New York (NYC) metropolitan area, including the five boroughs: Brooklyn, the Bronx, Manhattan, Staten Island, and Queens. The counties we serve include Suffolk County, Nassau County, Westchester County, and Putnam County.