For Sellers
WHY LIST WITH CMB REALTY?Direct Marketing - Rather than just relying on the traditional channels of advertising, CMB Realty directly targets the buyer and seller. Our specific mailings and calls will reach whoever is currently in the market, whether it be Wall Streeters or foreigners in Russia. Global Exposure - CMB Realty has representation in Spain, Norway, Turkey, Russia, and Poland. Our agents abroad will ensure that your property is directly marketed to wealthy investors overseas Instant Access - With our REBNY membership, every brokerage in NYC will be notified of your property the moment we list it. Moreover, every CMB Realty listing is featured in key real estate sites such as nytimes.com and streeteasy.com. Pricing Expertise - Our database has access to every sale in NYC. Combining that with our experience and intelligence, CMB Realty will net you the maximum price, in the minimum amount of time, with the least amount of hassle. |
HOW WILL WE SELL YOUR PROPERTY?
WHERE DO WE ADVERTISE?Rather than a static approach, we adjust our strategy with the changing market conditions. CMB Realty constantly studies currency values and emerging markets to pinpoint whomever has the means to invest at any given time. A sampling of our online and print venues: The New York Times, StreetEasy, The Wall Street Journal, The New York Post, Google, Yahoo |
Sellers Closing Costs (Condominium)
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Own Attorney
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$1,700 & up *
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NYC Real Property Transfer Tax
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1% of purchase price if $500,000 or less
1.425% of purchase price if over $500,000 of the entire amount |
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NYS Transfer Tax
|
.4% (.004) of purchase price
|
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Payoff Bank Fees (if applicable)
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$450 *
|
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Managing Agent Fee
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$250 - $750
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Move-Out Deposit
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$500 - $1,000 (usually refundable if no damage)
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Broker Commission
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6% of purchase price
|
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E Tax Filing (ACRIS) |
$50 |
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Gains Tax Withholding (out of state seller)
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7.7% of gain |
| Non-US Resident (FIRPTA) | 10% of price withheld or paid |
Sellers Closing Costs (Co-op)
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Own Attorney
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$1,600 + up *
|
|
Stock Transfer Stamps
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$.05 per share
|
|
NYC Real Property Transfer Tax
|
1% of purchase price if $500,000 or less of the entire amount
1.425% of purchase price if over $500,000 of the entire amount |
|
NYS Transfer Tax
|
0.4% (.004) of purchase price
|
|
Flip Tax (if applicable)
|
Determined by co-operative building
|
|
Payoff Bank Attorney (if applicable)
|
$450 + up
|
|
Managing Agent Fee
|
$500 - $750
|
|
Move-Out Deposit
|
$500 - $1000 (usually refundable if no damage)
|
|
Broker Commission
|
6% of purchase price
|
|
Estate Fees
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Coop may impose additional fees for estate sales
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Lost Stock and Lease Fees
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$250 - $750 |
| 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 |
* Check with bank/mortgage broker for additional fees . New York State Law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TP584) . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.
|
Own Attorney
|
$1,600 + up *
|
|
Stock Transfer Stamps
|
$.05 per share
|
|
NYC Real Property Transfer Tax
|
1% of purchase price if $500,000 or less of the entire amount
1.425% of purchase price if over $500,000 of the entire amount |
|
NYS Transfer Tax
|
0.4% (.004) of purchase price
|
|
Flip Tax (if applicable)
|
Determined by co-operative building
|
|
Payoff Bank Attorney (if applicable)
|
$450 + up
|
|
Managing Agent Fee
|
$500 - $750
|
|
Move-Out Deposit
|
$500 - $1000 (usually refundable if no damage)
|
|
Broker Commission
|
6% of purchase price
|
|
Estate Fees
|
Coop may impose additional fees for estate sales
|
|
Lost Stock and Lease Fees
|
$250 - $750 |
| 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 |
