EAST END BUYER ESTIMATED CLOSING COSTS

PURCHASE PRICE (estimated)$ 1,500,000

TOTAL ESTIMATED ADDITIONAL COSTS with financing $ 84,000 | TOTAL ESTIMATED ADDITIONAL COSTS with no financing $ 64,000

TOTAL ESTIMATED DUE IN CONNECTION WITH PURCHASE (with financing) $ 1,584,000

TOTAL ESTIMATED DUE IN CONNECTION WITH PURCHASE (with no financing) $ 1,564,000

* These charges depend on the actual cost or on the complexity of the transaction and price, and on the fees established by your professionals

** Peconic Tax is 2% of Sale Price less exempt amount. For improved property exemption is: $250,000 for EH, SH, Shelter Island and $150,000 for Riverhead and Shelter Island

No Peconic tax if the person and property meet First Time Homebuyer guidelines: https://hcr.ny.gov/system/files/documents/2021/06/lirincomepplimits6.11.21.pdf

***Mansion Tax only charged on purchases of improved residential property of $1M or more. This information is provided as a courtesy and is of a general nature. It is not intended to be, nor is it legal advice. Please consult your lawyer for specific application. 5/10/2022

Internet Exposure

One of our strongest assets, HamptonsRealEstate.com, is a cinematic, user-friendly, internationally promoted, luxury-minded website. Over 90% of buyers and renters of Hamptons properties start their search for real estate online, and our site is consistently optimized to rank highly on all search engines.

The site has been designed to provide an immersive experience for luxury buyers and renters. Cinematic video and compelling property photography immediately engage viewers to explore all types of homes for sale and rent, in addition to discovering the best aspects of the surrounding neighborhood. We recently re-imagined, re-engineered, and re-designed our site to further reach and engage users with our brand promise, to provide a higher form of realty for sellers, buyers and agents. With 60% of our customers visiting our site on mobile devices, we made sure their experience is as easy to use and visually impactful as the desktop version.

“Hamptons Real Estate” is the #1 and most dominant search phrase for real estate in the Hamptons on Google. Because our website URL (HamptonsRealEstate.com) matches this popular search phrase word for word, Saunders’ website ranks high on searches for Hamptons property. In addition, our listings are syndicated on many domestic and international real estate websites.

We are also the most prolific owner of street and place name URLs in the Hamptons. We own over 2,000 such names and property addresses and use them to optimize our online web strategies and provide a better user experience for buyers seeking property details.

East End Focused

Saunders & Associates is 100% locally owned and operated, the largest locally owned real estate firm in the Hamptons. We are a proudly independent company, with no reliance on outside funding. We own all four of our state-of-the-art offices, our management team is local and we hire local talent.

Our cinematic website is entirely focused on the East End, with a genuine hometown feeling. Led by highly experienced management, our agents and staff provide a boutique, client-minded approach and have unparalleled connections to every aspect of our community.

Saunders & Associates is active in our local community and sponsors many community events, such as the Southampton Cultural Center’s series of outdoor summer Concerts in the Park at Agawam Park, outdoor concerts at the Westhampton Beach gazebo, Family Day at the Children’s Museum of the East End (CMEE), Bridgehampton Library’s Live at Five series of talks by noted authors, and the East Hampton Library’s Authors Night event. On Shelter Island, we are proud to sponsor events for East End Hospice, The Shelter Island Historical Society, Sylvester Manor, The Shelter Island Bucks basketball team, The Shelter Island 10K and 5K, among others.

in-house intelligence

Another way we empower our agents to create and enable deals is by providing analysis services that review sales histories, permit requirements, and zoning regulations. Through our affiliated title business, New York Title Abstract Service s, we run title on each Saunders exclusive listing as soon as we are engaged by the client. This provides an important level of clarity about the property from the outset and is impactful in expediently moving an accepted offer to contract signing. We understand that clarity is paramount for a smooth transaction.

Theresa Quigley, Esq. is our Executive Managing Director and General Counsel. She has been a practicing attorney for over 30 years in NYC and the Hamptons. Theresa directly assists our agents with zoning analysis, structuring transactions, and negotiating deals. She interfaces with local government officials, surveyors, title companies, environmental engineers, house inspectors, and lenders in an effort to move our transactions forward.

Theresa was Deputy Supervisor for East Hampton Town from 2010 through 2013 and worked for 15 years at the firm Farrell Fritz resolving real estate, tax, estate planning, corporate, and environmental issues.

Af Liated Title Provider

New York Title Abstract Services, Inc. is a title insurance services company dedicated to promptly delivering fully compliant and accurate reports and title insurance for residential and commercial real estate throughout New York State. Headquartered in the Hamptons, our professional team has extensive real estate experience and understands the business from all sides including title insurance, legal, sales, governmental, banking, and lending regulations. We use the title company’s services to get clarity regarding our listings and to move deals expediently to contract signing.

For more information, visit: NewYorkTitle.com