One of the most surprising aspects of buying or selling a New York City apartment—and thus, one of the more stressful—is the amount you'll spend on closing costs, potentially tens of thousands of dollars that get tacked onto the purchase or sale of a home.
For sellers, closing costs take a bite out of the proceeds from the deal, possibly affecting your future plans. For buyers, closing costs can have a real impact on budget, in some cases persuading you to buy one apartment over the other. “When you’re considering that co-op that you like versus that condo that you like, it’s not just the purchase price, it’s the closing costs as well,” says Doug Perlson, founder of brokerage RealDirect. “When the typica... Read More