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

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.When a homeowner needs the sale proceeds to purchase another property, knowing the sale price is not enough. Before listing 25 Pine Acre Drive, I sat down with the clients and estimated the selling costs, likely net proceeds and money required for the next purchase. Lisa saved those figures and brought them to closing; the final numbers were almost the same as the original estimate.See how the financial planning connected the two transactions →