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Key Points For Buyers:

Congratulations! You are ready to make your most
important purchase to date. The next thing you need to
do is contact DiBari Realty for a consultation with one of
our agents. After a thorough interview to asses your
goals we will begin to arrange appointments with you to
view your potential real estate purchase.

Have you selected a mortgage professional to assess
your financial qualifications? This is one of the areas
that must be addressed as soon as possible to focus
your property search. A mortgage professional will also
be able to give an approximation of the funds you will
need to close on your new property.

Costs To Buyers: (ALL costs are estimates to give you an idea of what to expect)

Your Down Payment at least 10% of Purchase Price
Your Attorney : $2,000 and Up
Bank Fees: application, credit, appraisal, bank attorney and misc. $2,500-$6,000
Short-term Interest : one month max
Real Estate Tax Escrow : 2-6 months
Recording Fees : $500
Mortgage Tax : 1.8% of amount of Mortgage on loans under $500,000 or 1.925%
of entire amount on loans exceeding $500,000
Fee Title Insurance Approx. $300 per $100,000
Mortgage Title Insurance $100 per $100,000
Misc. Title Charges : $500
Managing Agent’s Fee around $500
Common Charges : one month max
Real Estate Taxes : 1 to 6 months
Mansion Tax : 1% of entire price when price exceeds $1,000,000
Move-in Deposit Fee (refundable) $1,500

For those who choose to execute a Buyer's Broker agreement the commission
will be due at closing , usually 3% of purchase price.