Buy a Home in the Hamptons | South Fork Realty Buyer Guide

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Purchaser's Estimated Closing Costs

Title Insurance (owner) -Statue set rate based on purchase price
Title Insurance (lender) -Statue set rated based on mortgage amount. If any
Misc. Title Costs - Endorsements, dept. searches, title closer fee.
Recording Fees - Cost to record deed and/or mortgage
Mortgage Recording Tax - .8-% of mortgage amount (minus 25.00)
Peconic Bay Tax - 2.5% of purchase price over allowance
- Southampton Allowance $400,000 improved $100,000 Unimproved.
- No exemption on conveyances $2,000,000 or greater
- Riverhead Allowance $150,000 improved, $75,000 unimproved
- Easthampton Allowance $400,000 improved, $100,000 Unimproved.
- No exemption on conveyances $2,000,000 or greater
- Shelter Island Allowance $400,000 improved $100,000 Unimproved.
- No exemption on conveyances $2,000,000 or greater
- Southold Allowance $200,000 Improved $75,000 Unimproved
NYS Mansion Tax - 1% of purchase price, if purchase price is over 1 Million.
Survey
Bank Fees - This includes but is not limited to application fees, appraisal fees, underwriter's fee, short interest, bank's attorney's fee, tax escrow, homeowner's insurance escrow.
- Please speak to your mortgage lender.
Homeowner's Insurance - Bank generally requires one year's premium to be paid in advance of closing.
- Please obtain an insurance quote prior to signing contracts.
- Speak to an insurance agent.
Closing Adjustments - fuel oil, taxes, etc.

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Transaction Timetable

Buy Your Hamptons Dream Home

Welcome to your dedicated resource for finding the perfect property across the Hamptons, North Fork, and beyond. Whether you're drawn to the exclusive oceanfront estates, charming village homes, serene vineyard properties, or expansive waterfronts, you've come to the right place.

Navigating the dynamic Hamptons real estate market can feel overwhelming, but with the local experts at South Fork Realty by your side, your journey to homeownership will be smooth and successful. We're passionate about helping individuals and families discover the unique lifestyle and vibrant communities that Eastern Long Island offers.

Here's how South Fork Realty can help you find your dream home:

Unrivaled Local Expertise: Benefit from our deep knowledge of the Hamptons, North Fork, and surrounding markets, including up-to-the-minute listings and exclusive neighborhood insights you won't find anywhere else.
Personalized Guidance: Receive tailored support to truly understand your specific needs, preferences, and budget, ensuring a focused and efficient search.
Comprehensive Property Access: Gain access to the latest MLS listings and off-market opportunities that perfectly fit your unique criteria.
Strong Negotiation Power: Trust our skilled representation to ensure you secure the best possible terms and value for your investment.
Seamless Transaction Process: We'll guide you through every step, from your initial property search and viewing to navigating offers, inspections, and a smooth closing.

Ready to take the first step towards your Hamptons home? Browse our current listings below, explore our community guides for in-depth area insights, or reach out today for a personalized consultation. Let South Fork Realty help you find the perfect place to call home!

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