Seller Resources

Seller’s Checklist for Preparation of Sale (Download PDF) – Whether you are selling your property on your own or listing with an agent, a seller should have the following information ready and available in preparation of sale:

  • Title Policy (Provide Clean Title)
  • Most recent real estate tax bill
  • Real Estate Attorney contact information
  • Property survey
  • Mortgage information
  • Trust information, if applicable
  • Condominium or Cooperative Documents, if applicable
  • All keys to the property

Sale Costs Checklist (Download PDF) – The following are general estimated closing costs associated with the sale of property. Potential sellers should consult their real estate attorney for specifics.

  • Broker’s Commission – Typically 6% depending upon size and marketing
  • Attorney’s Fees
    • Own Attorney:  $1,000-$5,000
    • Bank Attorney: $450+
  • Property Survey
  • Certificate of Occupancy
  • NYC Transfer Tax: 1% of purchase price up to $500,000; or 1.425% of price if $500,000 and over. Plus $25 administrative fee
  • NY State Transfer Tax: $2.00 per $500.00 of price, or 0.4% of purchase price
  • Miscellaneous Title Fees: $200+
  • Payoff Fee to Title Closer: $150+
  • Tax Credit  - Prorated to the buyer for current year’s real estate taxes not due until the following year
  • Managing Agent Fee (Condo/Co-Op): $250+
  • Move-Out Deposit (Condo/Co-Op): $300-$1000 (usually refundable if no damage)
  • E Tax Filing (ACRIS): $50
  • Gains Tax Withholding (Out of state seller): 7.7% of gain
  • Non-US Resident (FIRPTA): 10% of price withheld or paid


About JPJ Real Estate & Design

The mission of JPJ is to make the buying and selling of residential and commercial real estate an unparalleled opportunity by providing exceptional service and knowledge to clients. We are dedicated to understanding and respecting our clients' needs, which defines our standards of loyalty, honesty and hard work.

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