• SALES GUIDE

General Closing Procedures

American Homes Group makes it seamless for clients to sell their properties. Finding the right buyer, referring attorneys, advising any necessary seller concessions are only a few ways we assist our sellers. We've put together a detailed break down to calculate your final profit after deducting any necessary costs.

Estimation of Closing Costs for Sale of Premises

  1. NYC TRANSFER TAX (1% OF SALES PRICE) UP TO 500K                        
  2. NYS DEED DOCUMENTARY STAMP TAX ($4.00/$1,000)                       
  3. AMOUNT NECESSARY TO SATISFY MORTGAGE                                            
  4. PICK UP CHARGES (TITLE CLOSER)                                                                    
  5. FEE FOR RECORDING MORTGAGE SATISFACTION                                      
  6. PROPERTY CONDITION DISCLOSURE STATEMENT                                
  7. CLOSING COST CREDIT FOR PURCHASER                                                        
  8. BROKER’S COMMISSION                                                                                            
  9. FINAL WATER METER READING                                                                           
  10. ATTORNEY FEE                                                                                                              
  11. ESTIMATED NET PROCEEDS TO SELLER