BUYER'S GUIDE

Buying an apartment, condominium or co-op in New York City can be one of the most important decisions you will make. At Reliance Realty, our goal is to make sure that the experience of buying a home is as smooth and seamless as possible.

As a member of the Real Estate Board of New York (REBNY) and Nestio, Reliance Realty is the only brokerage firm you will need to find your new home. Our database has over 20,000 NYC exclusive listings and we utilize cutting edge technology to perform customized searches for our clients.

Our agents are highly trained, motivated and are extremely knowledgeable about Manhattan real estate. They are eager to listen to your needs and help guide you through the process of finding your ideal place to live.

Estimated Closing Costs

For Condominium Apartments and Townhouses

FOR THE SELLER Broker Commission Seller's Attorney Managing Agent Processing Fee Move-out Deposit New York City Transfer Tax

New York State Transfer Tax Miscellaneous Title & Recording Fees Mortgage Satisfaction Fee Set by broker $1,250 and up $450.00 - $750.00 $500.00 - $1,000 1% of price for purchase of $500,000.00 or less 1.425% of price for purchase over $500,000.00 (Paid by Seller, except sale by Sponsor) 0.4% of price (paid by Seller, except sale by Sponsor) $100.00 $150.00 - $300.00

FOR THE PURCHASER Purchaser's Attorney Bank Fees: Points Application, credit check, etc. Bank Attorney Short Term Interest Tax Escrows Recording Fees Mortgage Tax

Violation Search Managing Agent Fee Common Charge Adjustment Real Estate Tax Adjustment Mansion Tax Title Closer Fee $1,250 and up

0 to 3% of loan amount $500.00 $450.00 - $750.00.00 Up to one month 2 to 6 months $150.00 2% of amount of mortgage on loans under $500,000.00 2.125% of amount of mortgage loans of $500,000.00 and over Title Insurance Rates vary by NY law as insurance increases $250.00 $250.00 Up to one month 1 to 5 months 1% of price where price is $1,000,000.00 or more $100.00 - $150.00

For Co-operative Apartments

FOR THE SELLER Broker Commission Seller's Attorney Co-op Attorney/Managing Agent Flip Tax Stock Transfer Tax Move-out Deposit New York City Transfer Tax

Transfer Tax Filing Fee New York State Transfer Tax Payoff Bank Attorney UCC-3 Filing Fee Set by broker $1,250 and up $400.00 - $800.00 Varies by building, if any $0.05 per share $500.00 - $1,000.00 1% of price for purchase of $500,000.00 or less 1.425% of price for purchase over $500,000.00 (Paid by Seller, except sale by Sponsor) $25.00 recording fee 0.4% of price (paid by Seller, except sale by Sponsor) $300.00 $25.00

FOR THE PURCHASER Purchaser's Attorney Bank Fees: Points Application, credit check, etc. Bank Attorney UCC-I Filing Short Term Interest Move-in Deposit Recognition Agreement Fee Lien Search Maintenance Adjustment Mansion Tax $1,250 and up

0 to 3% of loan amount Approximately $500.00 Approximately $450.00 - $800.00 $75.00 Up to one month $500.00 - $1,000.00 $250.00 $250.00 Up to one month 1% of price where price is $1,000,000.00 or more

*These are only estimates. Actual costs may vary.