What Costs Are Associated with Selling a Home in Midwood? Dalia Samouha Breaks It Down
What costs are associated with selling a home in Midwood? When selling a home in Midwood, expect to cover transfer taxes, potential repair or staging costs, broker commissions, attorney fees, and other miscellaneous closing expenses. Working with a local expert like Dalia Samouha helps you navigate these expenses efficiently.
The Real Cost of Selling a Home in Midwood, Brooklyn
If you’re planning to sell your home in Midwood, understanding the full range of costs is essential. Many homeowners focus on the potential sale price but overlook the expenses that come out of their final proceeds. From agent commissions to legal fees and local transfer taxes, selling a home in Midwood comes with a few unavoidable costs—and some that can be minimized with the right guidance.
Let’s break down these costs and how working with a trusted local agent like Dalia Samouha of Ideal Properties Realty can make the process smoother and more transparent.
1. New York State & City Transfer Taxes
If your home sells for over $500,000, you’ll pay:
NY State Transfer Tax: 0.4%
NYC Transfer Tax: 1.425% (for sales over $500,000)
On a $1,000,000 sale:
Total transfer taxes = ~$18,250
Note: These are paid by the seller in most cases.
2. Property Preparation Costs
To sell a home in Midwood competitively, most sellers invest in prep work, which can include:
Minor repairs or touch-ups ($500–$2,500)
Professional staging ($1,500–$5,000)
Cleaning and decluttering ($200–$1,000)
Professional photography or videography (often covered by the listing agent, like Dalia)
Dalia’s listings typically include high-quality photos, 3D walkthroughs, and strong marketing—all key to attracting serious buyers.
3. Real Estate Agent Commission
This is usually the largest cost associated with selling a home. In New York City, the typical total commission is around 4% of the final sale price. This is often split between the listing agent (like Dalia) and the buyer’s agent.
For example:
If your Midwood home sells for $1,000,000:
4% commission = $40,000 (split between two agents)
While that may seem steep, a skilled local agent helps you net more overall. Dalia Samouha, who specializes in Midwood real estate, knows how to price, market, and negotiate your home for top dollar.
4. Attorney Fees
New York real estate deals require attorneys for both buyer and seller. Sellers in Midwood usually pay between $1,500 to $3,000 in legal fees, depending on complexity.
An experienced attorney ensures your paperwork is clean, the deal is protected, and closing goes smoothly.
5. Mortgage Payoff and Prepayment Penalties (If Applicable)
If you still owe on your mortgage, the balance will be paid out of the sale proceeds. In rare cases, there could be prepayment penalties, though most modern loans do not include these.
Your attorney and Dalia’s team can help confirm payoff amounts and coordinate with your lender.
6. Open Permits, Liens, or Title Issues
Unresolved issues like open Department of Buildings permits or tax liens must be cleared before closing. This may involve extra legal or contractor fees.
Midwood homes, especially older or renovated properties, often require a title check. Ideal Properties Realty works with title professionals who can help identify and resolve these issues early.
7. Concessions or Buyer Incentives
Depending on market conditions, you may need to offer:
A closing cost credit
Repairs before closing
Move-in flexibility
In spring 2025, Midwood remains a seller-favored market, but concessions are still common in competitive deals.
Dalia Samouha uses her local experience to assess when and how these should be offered—or avoided entirely.
8. Moving Costs
While not part of the real estate transaction, moving out costs money:
Local movers: $1,000–$3,000
Temporary storage: $100–$300/month
It’s a good idea to budget for these so they don’t surprise you later.
How the Midwood Market Affects Your Bottom Line
In Midwood, the average days on market (DOM) for single-family homes is around 30–45 days (as of Q2 2025). Homes near Avenue J, Ocean Parkway, or with parking space tend to command higher offers.
Pricing smart and staging well are critical. Dalia Samouha’s clients benefit from her deep understanding of buyer trends specific to Midwood and her ability to advise on pricing and prep.
Final Thoughts: Selling Smart in Midwood
Selling a home in Midwood can be a profitable and smooth process—when you’re prepared. The costs involved are real, but manageable with the right strategy and support.
Dalia Samouha and the team at Ideal Properties Realty offer local expertise, transparency, and hands-on guidance that help sellers stay in control of their sale and avoid costly surprises.
Ready to Sell in Midwood?
If you’re thinking about selling your Midwood home, start with a no-pressure consultation. Dalia Samouha is here to guide you every step of the way—from pricing to closing.
Contact Ideal Properties Realty today to schedule your personalized home valuation.
