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Legal Process & Closing in New York

What costs should I expect when selling my home on Long Island?

Written and reviewed by Andrew Ragusa, Licensed Real Estate Broker and Broker of Record, REMI Realty LLC — 11+ years of transactions across Long Island, Brooklyn and Queens.

The short answer

The main costs when selling your home on Long Island are New York State transfer tax, real estate commission, and attorney legal fees. These three are present in nearly every transaction across Nassau and Suffolk counties. There can also be additional costs if debts need to be paid off at closing, such as your existing mortgage balance, liens, or other financial obligations that must be cleared as part of the sale.

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Contact

Have a question about your own situation?

Every property and every situation is a little different. Call me directly at 516-858-9434 or email Andrew@AndrewRagusa.com and we'll talk it through.

The information on this page is general information, not legal, tax or financial advice. Every transaction is unique — please consult the appropriate licensed professionals about your specific situation.