Reduce Closing Costs by Requesting a NYC Broker Commission Rebate: http://www.hauseit.com/home-buyer-cash-back/ <br /> <br />As a buyer in New York City, your closing costs are substantial and can add up to an extra 2 to 4% on top of your purchase price. Closing costs for buyers who purchase new construction units directly from a sponsor are even higher and can range from 5 to 6%. <br /> <br />What are Closing Costs in NYC for Buyers? http://www.hauseit.com/closing-costs-nyc/ <br /> <br />New York City home buyers can reduce closing costs by up to 1% by working with a Hauseit affiliated buyer’s agent and taking advantage of a New York City buyer agent commission rebate. <br /> <br />Request a NYC Broker Commission Rebate: http://hauseitreviews.com/buyer-agent-commission-rebate-nyc/ <br /> <br />The typical Hauseit buyer agent commission rebate in New York City of 1% off your purchase price can save you $15,000 or more when buying a property. <br /> <br />Save with a Buyer Agent Commission Rebate: http://www.hauseit.com/home-buyer-cash-back/ <br /> <br />In NYC, sellers generally pay a fixed commission regardless of whether you are represented or not. Therefore, the cost of your representation is already included in the sales price even if you choose to be unrepresented. <br /> <br />So, what are closing costs for buyers in New York City? <br /> <br />Closing Costs in NYC for buyers include: <br /> <br />A mansion tax of 1% for sales above $1 million <br />Title insurance for condos, as well as <br />Buyer attorney fees and a move-in deposit <br /> <br />Buyers who are financing the purchase will also be responsible for: <br /> <br />A condo mortgage tax of 2.05 to 2.8% as well as miscellaneous items such as the appraisal, loan origination, title search and bank attorney fees <br /> <br />Buyers who are purchasing new construction will also be responsible for: <br /> <br />New York City and New York State transfer taxes of 1.4 to 1.825% as well as the sponsor’s attorney fees <br /> <br />Whether you are buying a condo or coop in NYC, be sure to save 1% on your purchase by requesting a buyer’s agent commission rebate through Hauseit. <br /> <br />NYC Broker Commission Rebate Legality: http://www.hauseit.com/nyc-broker-commission-rebates-legal/
