Episode: #271
Episode: #271
Zach Duffey is an expert on mold. After working as a home inspector and going on to manage a mold remediation franchise, Zach realized there was a need for more honest service, and created Mold Mentor.
In this episode, we discuss the in’s and out’s of mold, how to tell if it’s a concern in your property, and what to do about it. You will understand what mold is, what the truth is about black mold, and how to properly test for mold.
Zach Duffey is an expert on mold. After working as a home inspector and going on to manage a mold remediation franchise, Zach realized there was a need for more honest service, and created Mold Mentor.
In this episode, we discuss the in’s and out’s of mold, how to tell if it’s a concern in your property, and what to do about it. You will understand what mold is, what the truth is about black mold, and how to properly test for mold.
Columbia County
Columbia County
Columbia County
Columbia County
Buyer Closing Costs
Hudson Valley Houses
Own Attorney varies
Title Insurance, Title Search & Recording Fees Approx. $4 per 1,000 of purchase price
Mansion Tax 1% for purchases of $1,000,000 or more.
Mortgage-Associated Fees:
Origination Costs – points 0 – 3% value of loan
Application, Credit Check, etc. $500 + up
Appraisal $275 + up
Mortgage Recording Tax 0.5% of mortgage amount
Recording Charge $17 per document plus $5 per page
Real Estate Tax Escrow varies
For NYC Cooperative, Condominium & Townhouse Ownership, the Mansion Tax increases incrementally according to purchase price:
$1M to less than $2M 1.00%
$2M to less than $3M 1.25%
$3M to less than $5M 1.50%
$5M to less than $10M 2.25%
$10M to less than $15M 3.25%
$15M to less than $20M 3.50%
$20M to less than $25M 3.75%
$25M+ 3.90%
NYC Condominium & Townhouse Ownership
Own Attorney varies
Managing Agent Fee $250 + up
Credit Report Fee $50 + up per applicant
Title Insurance, Title Search & Recording Fees Approx. $4 per 1,000 of purchase price
Lead Based Paint Disclosure Fee $75 + up
Move-in Deposit $500 + up (usually refundable if no damage)
Move- in Fee $250+ up (non-refundable)
Common charges, real estate taxes, and insurance premium Adjustments pro rated as of closing
Mortgage-Associated Fees:
Origination Costs – points 0 – 3% value of loan
Application, Credit Check, etc. $500 + up
Appraisal $275 + up
Bank Attorney $600 + up
Mortgage Recording Tax up to $500,000 is 1.8% of mortgage less $30; over $500,000 is 1.925% of mortgage less $30
Building Searches $200 – $400
Recording Charge $17 per document plus $5 per page
Real Estate Tax Escrow 2 – 6 months
If Purchased Directly From Sponsor (Most often new construction):
NYC Real Property Transfer Tax
Transfer taxes are calculated and added to purchase price (for tax purposes only) and then
NYS Transfer Tax recalculated based on the bulked up price
Sponsor’s Attorney Fee $1,800 + up
Working capital fund contribution one time fee equal to 1 or 2 months common charges
NYC Cooperative Ownership
Own Attorney varies
Managing Agent (Recognition Agreement Fee) $250 + up
Credit Report Fee $50 + up per applicant
Move-in Deposit $500 + up (usually refundable if no damage)
Move- in Fee $250+ up (non-refundable)
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
If Purchased Directly From Sponsor:
NYC Real Property Transfer Tax
Transfer taxes are calculated and added to purchase price (for tax purposes only) and then
NYS Transfer Tax recalculated based on the bulked up price
Sponsor’s Attorney Fee $1,800 + up
