Estimated FSBO Savings in New York
Buyer side, ~3% (~$17,550): When your buyer finds you directly through your free listing, that 3% can be negotiated as a lower price or closing credit instead of going to a buyer's agent.
Use the free SaveOnYourHome.com Savings Calculator to estimate the full potential savings on your specific New York sale.
New York Seller Disclosure Requirements
What New York Sellers Must Disclose
- Structural systems: roof, foundation, basement
- Major systems: heating, plumbing, electrical, water heater
- Water source and sewage disposal
- Flood zone risk (added by the 2024 amendment)
- Known material defects affecting value
Federal Lead-Based Paint Rule
Federal Title X (42 U.S.C. Section 4852d) requires every seller in every state, including New York, to disclose known lead-based paint and lead-based paint hazards for homes built before 1978, provide the EPA pamphlet "Protect Your Family from Lead in Your Home," and give buyers a 10-day period to test for lead before becoming bound to the contract.
New York-Specific Considerations
New York eliminated its longstanding $500 buyer credit option effective March 20, 2024. Sellers must now provide the PCDS itself; they can no longer simply pay a $500 credit at closing to skip disclosure. Flood risk questions were also added to the form as part of the same 2024 amendment.
How Closing Works in New York
In New York, attorneys for both buyer and seller are customarily involved from contract negotiation through closing, even though this is a matter of practice rather than statute; the buyer's attorney typically works alongside a title company for the title search and title insurance while the closing itself is attorney-supervised (DeFalco Realty). Before a buyer becomes bound under a contract, sellers of residential property must deliver a completed Property Condition Disclosure Statement (PCDS) under Real Property Law §462 (NY Department of State). As of March 20, 2024, sellers no longer have the option to pay a $500 credit in lieu of providing the PCDS, full disclosure is now mandatory (NY State Association of Realtors). At closing, the seller's attorney typically prepares the deed and coordinates payoff of any existing mortgage.
Special FSBO Considerations for New York
- As of March 20, 2024, New York sellers must provide the full Property Condition Disclosure Statement, the option to instead pay buyers a $500 credit and skip disclosure has been eliminated (NY State Association of Realtors).
- The current PCDS form includes specific flood-risk questions (FEMA Special/Moderate Risk Flood Hazard Area status and federal flood insurance requirements), which FSBO sellers must answer accurately before the buyer signs a binding contract (NY Department of State PCDS form).
- Because New York has no statutory attorney-review deadline like New Jersey, FSBO sellers should negotiate contract terms carefully before signing since there is no automatic legal window to back out after signing without a specific contract contingency (DeFalco Realty).
Why List Your New York Home Free on SaveOnYourHome.com
SaveOnYourHome.com is a nationwide FSBO platform built for New York homeowners who want to sell their home without paying a listing agent. Listing your home on SaveOnYourHome.com is completely free, with no listing fees, no commissions to us, and no strings attached. We give New York sellers a professional listing page, buyer inquiry tools, and free educational resources so you can market your home yourself and keep the equity you've built.
Unlike agent-based platforms, SaveOnYourHome.com is a pure FSBO marketplace. We don't take referral fees, we don't push you toward paid services you don't need, and we never charge you a commission when your home sells. The savings from selling FSBO in New York, often tens of thousands of dollars, stay in your pocket.
Free Weekly FSBO Q&A Call for New York Homeowners
Selling your New York home by owner does not mean going it alone. Every week, SaveOnYourHome.com hosts a free live Q&A call where New York homeowners can ask real questions about pricing, disclosures, showings, offers, and closing, and get honest, commission-free answers before they list.
The call is 100% free, there is nothing to buy, and every seller is welcome, whether you are just researching FSBO or already have your home on the market. Bring your questions and get clear guidance from the SaveOnYourHome.com team.
Reserve your spot on the next free weekly Q&A call →Frequently Asked Questions About Selling FSBO in New York
Do I need a real estate attorney to sell my home FSBO in New York?
Yes. Attorney state (customary, not statutory), New York has no formal statutory attorney-review period, but attorney-supervised closings are standard practice; the contract of sale is a negotiated legal document typically reviewed by attorneys for both sides before it becomes binding (DeFalco Realty).
What must I disclose to buyers when selling FSBO in New York?
New York requires a statutory seller disclosure. The legal basis is: Property Condition Disclosure Statement (PCDS) (N.Y. Real Property Law Article 14, § 460 to § 467, as amended by Chapter 484 of the Laws of 2023 (effective March 20, 2024)).
How much is transfer tax in New York, and who pays it?
Seller generally pays the New York State Real Estate Transfer Tax (RETT) of 0.4% of the sale price (0.65% for sales at or above $3 million) (NY Department of Taxation and Finance). In New York City specifically, sellers also pay the NYC Real Property Transfer Tax (RPTT) of 1.0% (for sales up to $500,000) or 1.425% (above $500,000). Separately, buyers (not sellers) pay the NYC/NYS "Mansion Tax, " a graduated 1%-3.9% tax on residential purchases of $1,000,000 or more, which cannot be shifted to the seller by contract (NY Department of Taxation and Finance).
Is there an attorney review period in New York?
N/A, New York has no formal statutory review period comparable to New Jersey's 3-day rule; informal attorney negotiation of contract terms before signing can take roughly 1-3 weeks but is not a legal deadline (DeFalco Realty).
How much can I save by selling my home FSBO in New York?
On a typical New York sale, real estate commissions total about 5% to 6% of the sale price, roughly 3% to the listing agent and 3% to the buyer's agent. Based on a $585,000 New York home, eliminating that 6% keeps up to about $35,100 inside your transaction. When you sell FSBO on SaveOnYourHome.com, there is no listing fee and no listing-side commission owed to us. If your buyer also comes to you directly through your free SaveOnYourHome.com listing without a buyer's agent, the buyer-side ~3% (about $17,550) can be negotiated as a lower price or a closing credit on this same sale.
Do I need MLS access to sell FSBO in New York?
No. SaveOnYourHome.com is a nationwide FSBO platform that reaches New York buyers directly without requiring you to pay for MLS access or a listing agent.
New York FSBO Recommendation
Complete New York's official form or a comparable comprehensive form, keep copies of everything you disclose, and have a real estate attorney review your disclosure package before signing. Verify current requirements with a licensed New York real estate attorney.
