Buyers of Hamptons Real Estate NY
The atmosphere in the office at 3 North Main Street is upeat and friendly. You are greeted warmly and you will be taken care of professionally and enthusiastically whether you are interested in buying or renting and regardless of the size of your budget.
The owners of Devlin McNiff Halstead Property work side-by-side with the sales agents and are up-to-date on virtually all the office's customers; they are there to back-up and support your agent.
As a reminder, any real estate sign or advertisement you see, regardless of what company name is on it, can be shown to you by your Devlin McNiff Halstead Property real estate agent. We subscribe to the most comprehensive listing system in the Hamptons with up-to-date data on every listing in our market area.
Browse Hamptons Real Estate
Use the Search box in the sidebar to the left to search by neighborhood, or click below to browse all homes.Buyer Information
As a potential buyer of East End property, there are certain taxes and closing costs that you should be aware of in advance. Click below for a brief summary of those taxes and costs that will generally be paid by the buyer.
TAXES ON HAMPTONS REAL ESTATE PROPERTY TRANSFERS:
PECONIC TAX |
||
|---|---|---|
| Amount | 2% of Purchase Price over exempt amount. Generally $250,000 improved property or $100,000 unimproved property. | |
| Payor | Usually Buyer | |
Technical Name |
Peconic Bay Region Community Preservation Fund. |
|
Caveat |
Applies to co-ops, condos, commercial and residential real property. |
|
HAMPTONS MANSION TAX: |
||
Amount |
1% of purchase price. |
|
Payor |
Usually Buyer |
|
Technical Name |
NYS Transfer Tax/Addition Tax. |
|
Caveat |
Imposed on Sales of $1,000,000 or more – if improvement is or could be used as a residence. |
|
HAMPTONS MORTGAGE TAX: |
||
Amount |
0.75% (less $25) of the Loan Amount. |
|
Payor |
Usually Buyer |
|
Technical Name |
Mortgage Recording Tax. |
|
HAMPTONS TRANSFER TAX: |
||
Amount |
$4.00 per $1,000 of Purchase Price. |
|
Payor |
Usually Seller. |
|
Technical Name |
Real Estate Transfer Tax. |
|
OTHER POSSIBLE CHARGES ON CONVEYANCES: |
||
Survey: |
Usually Buyer |
|
Home Inspections: |
Usually Buyer. |
|
Mortgage Brker Charges: |
Usually Buyer. |
|
Lender Charges: |
Usually Buyer |
|
Title Insurance & Searches: |
Usually Buyer. |
|
Title Closer: |
Usually Buyer and/or Seller. |
|
Real Estate Broker: |
Usually Seller. |
|
Browse
Hamptons Real Estate
Search
by Internet #
Search
by price & location
Commercial
Real Estate
Copyright © 2012 Halstead East Hampton LLC. All Rights Reserved
All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Halstead. Customer should consult with its counsel regarding all closing costs, including without limitation the New York State 1% tax paid by buyers on residential properties over $1 million. Halstead represents the seller/owner on Halstead's own exclusives, except if another agent of Halstead represents the buyer/tenant, in which case Halstead will be a dual agent with designated agents representing seller/owner and buyer/tenant. Halstead represents the buyer/tenant when showing the exclusives of other real estate firms. In all instances Halstead treats all parties fairly and honestly. Halstead actively supports equal housing opportunities.