Seller's Closing Cost

How much was it for you?

Does it depend on house sell price?

Do I need an lawyer?

Re: Seller's Closing Cost

Seller's closings costs are minimal compared to the buyer.

You will need a lawyer to prepare the contract and handle the closing (and you'll have to pay the attorney's fee, as well as the realtor's fee).

The closing costs do vary somewhat with the price of the home. NYS transfer tax (paid by the seller) is $4 per every $1K of the sale price. So on a $300K home, it's $1200, on a $400K home, its $1600. But it's not a huge difference.

There can be other things as part of the seller's closings costs -- for example, if you are selling a co-op, you usually have to pay a flip tax or fee (sometimes 1% of sale price, sometimes a flat fee) to transfer the shares.