Selling New York City real estate is incredibly expensive, especially if you use a traditional high priced brokerage. Virtually all traditional brokerages charge a commission of 5-6% and that's regardless of price point, property type, or anything else. The best way to save on brokerage commissions is to sell with Yoreevo. We provide better seller representation for less, saving you 2-4% percent of the sale price on brokerage commissions and taking a huge bite out of your closing costs. Transfer taxes, unfortunately, are unavoidable. For most sellers you're going to pay 1.825% to the state and the city, and if your property sells for $3 million or more, that ticks up to 2.075% You'll also want to see if your building has a flip tax. That's basically a transfer tax that's paid to the building. They're much more common in co-ops, but we've seen condos that have them as well. Most commonly they're 1% or 2% of the sale price. On top of those you'll have smaller closing costs, like your attorney fee, a move out fee, and other odds and ends. So while transfer taxes and flip taxes aren't negotiable. brokerage commissions are. So to learn more about Yoreevo's services, you can reach out to me directly at james@yoreevo.com. And if you're looking to buy, we can also discuss our commission rebates and how we can save you thousands of dollars on that side of the transaction as well.
Save thousands, buy with Yoreevo.
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