| Condominiums Attorney $1,500 - $5,000 + Bank fees (if financing) Points: 0 – 2% of loan value (optional) Credit check, application, etc $300 Bank Attorney $500 Short Term Interest Up to 1 month Tax Escrows 2 to 6 months Bank Underwriting fees $350 Appraisal Fees $300 to $750 (depends on the price of the apartment) Mortgage Title Insurance Approx. $500 per $100,000 Building Recording Fees $100 Fee Title Insurance Approx. $675 per $100,000 Violation Search $170 Managing Agent Fee $250 Common Charge Adjustment 1 Month’s worth Taxes Real Estate Tax adjustment 1 – 3 Months Mansion Tax 1% for Selling Prices over $1,000,000 Mortgage Tax 2.05% of loan amount on loans under $500,000 2.175% of loan amount on loans over $500,001 |
At this time, make an appointment the day before or the morning of the closing to inspect that
the property is in the same condition or promised condition as stated in the contract. Be sure to
check appliances and that the premises are broom clean.
The closing is attended by you, your attorney, the seller, the seller's attorney, the lender's attorney,
the title company closer and the real estate agent. All mutually agreeing upon a closing date. At
the closing, the buyer pays the additional down payment, bank fees, taxes, lawyers fees and signs
various documents to transfer ownership of the apartment. The process ends with handshakes,
congratulations and keys to your new home.
** Be sure to bring with you a driver's license or passport, checkbook for any last minute adjustments and all
certified checks discussed with your attorney.
the property is in the same condition or promised condition as stated in the contract. Be sure to
check appliances and that the premises are broom clean.
The closing is attended by you, your attorney, the seller, the seller's attorney, the lender's attorney,
the title company closer and the real estate agent. All mutually agreeing upon a closing date. At
the closing, the buyer pays the additional down payment, bank fees, taxes, lawyers fees and signs
various documents to transfer ownership of the apartment. The process ends with handshakes,
congratulations and keys to your new home.
** Be sure to bring with you a driver's license or passport, checkbook for any last minute adjustments and all
certified checks discussed with your attorney.
| Cooperatives Attorney $1,500 - $5,000 + Bank fees (if financing) Points: 0 – 2% of loan value (optional) Credit check, application, etc $300 Bank Attorney $500 Short Term Interest Up to 1 month UCC-1 Filing Fee $20 Bank Underwriting fees $350 Appraisal Fees $300 to $750 (depends on the price of the apartment) Building Move-in Deposit $500 Lien Search $250 Maintenance Adjustment 1 Month Taxes Real Estate Tax adjustment 1 – 3 Months Mansion Tax 1% for Selling Prices over $1,000,000 |
PLEASE NOTE: The above are estimates, and all information is subject to changes, omissions and errors in fact or circumstance
