Buyer Closing Costs for Co-ops
|
Buyer Closing Costs:
|
|
| Co-operative Apartments |
|
| |
|
| Own Attorney |
varies* |
| Managing Agent (Recognition Agreement Fee) |
$250 + up |
| Credit Report Fee |
$50 + up per applicant |
| Mansion Tax |
1% of purchase price when over $1 million |
| Move-in Deposit |
$500 + up (usually refundable if no damage) |
| Lien Search |
$250 - $350 |
| |
|
| Mortgage Associated Fees: |
|
| Origination Costs - points |
0 - 3% value of loan |
| Application, Credit Check, etc. |
$500 + up |
| Appraisal |
$275 + up |
| Bank Attorney |
$600 + up |
| UCC-1 Filing |
$75 + up |
| Maintenance Adjustment |
Prorated for month of closing |
Patrick Lilly Group
The Corcoran Group Real Estate
490 Broadway
New York
NY
10012
© 2003 – 2010 Real Pro Systems, LLC
Last modified 7/31/2010