Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.
When you’re considering buying properties in a place like Westchester, there is a lot to consider. You’re going to have to think about how close your home is to major amenities like schools, restaurants, or even grocery stores. You also have to watch out for things that you want in your home, like bedrooms or that extra nice large shower. The list of things you may need to check when you have a new home purchase is endless. When you think of all the nuts and bolts, it’s easy to overlook other issues you may have with the actual buying costs. An excellent example of this is closing costs for houses in Westchester. In Westchester, closing costs are a pretty big deal. How much are the buyer’s closing costs in Westchester, NY?
It’s important to know what to expect when you want to save money for closing costs. Thankfully, it’s pretty easy to determine.
Buyer costs tend to be somewhat higher than seller costs. This is a general estimate of what you may need to keep in mind when buying property. Note: This is a general estimate, so that yours might be higher or lower.
While buyers have the lion’s share of the fees, the truth is that sellers aren’t exempt from this stuff. This is especially true in a place like Westchester, which has similar fees to New York City. Note: This is a general estimate, so that yours might be higher or lower. How much are closing costs in Westchester, NY:
While Westchester isn’t a part of New York City, certain NYC attitudes did pour over into the real estate world that the county currently has. This includes the fee-heavy culture that often permeates condos and co-ops. At times, it can also include exclusivity for the top condos and co-ops in Westchester. The fees that you should expect are far more clear when you’re buying a traditional house. This is because condos and co-ops are communities. If you are buying a co-op or condo, you should expect to see many fees associated with entering or leaving that community.
These fees can range from a couple of hundred dollars to several thousand, depending on the community. Unfortunately, these are not negotiable.
If you are a buyer who wants to save money on closing costs for a house in Westchester, you could definitely be forgiven for feeling that way. The best way to save money on Westchester closing costs is to go for low-fee appraisers and lawyers. Of course, there’s more to savings than just trying to curb prices.
A good way to save money on your home purchase is to opt for a brokerage that offers buyer rebates. Buyer rebates like NestApple will give you a portion of the money that you spend on Westchester closing costs back to you once the keys are exchanged. We do it, so if you want to save big, give our brokerages a call.