Buyers

What is the procees of buying?

  • First, you would meet with a Skyline Group agent and have an in-depth marketing consultation with you to ascertain your purchase goals, time frame and financial concerns. We explain the process in its entirety helping you to understand common terms and legalities.
  • Next, the agent will educate you on current trends in the market, provide you with references based on our past successes, and discuss negotiation strategies.
  • Immediately thereafter, we work to make available to you a myriad of appropriate properties, particularly by use of our user-friendly website, where you can enter your buying parameters and access every available listed property for sale. Also through our website, you can take a "Virtual Tour" of a property you may be interested in and can see how it would actually feel to live at that address.
  • We alert you to both public and industry-wide Open Houses so you can view properties you may be interested in.
  • Finally, we bring superior negotiating skills, knowledge of board/management firm requirements, the ability to handle all paperwork, and facilitate all insurance, legal and financial concerns for a smooth closing.

 

Closing Costs Co-Operative apartment
For the Purchaser  
Own Attorney $1,000 -1500
Credit Report Fee $50 - $100 per applicant
Lead Based Paint Disclosure Fee $0 - $50
Mansion Tax 1% of purchase price when over $1 million
Move-In Deposit $500 - $1,000
(refundable in most cases)
Lien Search $350

 

Expected Mortgage Fees  
Origination Costs - Points 0 - 3% value of loan
Application, Credit Check, etc. $500 + up
Appraisal $275 + up
Bank Attorney $500 + up
UCC-1 Filing $75 + up
Maintenance Adjustment Prorated for month of closing

 

 

Closing Costs Condominium & 1-3 Family Dwellings
FOR THE PURCHASER  
Own Attorney $1,500 - $2,500
Managing Agent Fee $250 - $500
Credit Report Fee $50 - $100 per applicant
Lead Based Paint Disclosure Fee $0 - $50
Mansion Tax 1% of total purchase price where $1 million and over
Move-In Deposit $500 - $1000
(Usually refundable if no damage)
Common charges, real estate taxes and insurance premium Adjustments pro rated as of closing


 
Expected Mortgage Fees  
Origination Costs - Points 0 - 3% of value loan
Application, Credit Check, etc. $500 + up
Appraisal $275 + up
Bank Attorney $500 + up
UCC-1 Filing $75 + up
Mortgage Recording Tax Up to $500,000 is 1.8% of mortgae less $30
  Over $500,000 is 1.925% of mortgage less $30
Title Insurance, Title Search & Recording Fees Approximately 0.5% - 0.8% of purchase price
Building Searches $200 - $400
Real Estate Tax Escrow 2 - 6 months

 

 

New Construction or - Sponsor Units  
NYC Real Property Transfer Tax 1% of purchase price up to $500,000
  1.425% of purchase price over 500,000
NYS Transfer Tax $4 per $1,000 of purchase price
Sponsor's Attorney Fee $1,500 + up