5/1 Radio Show: Michael T. Schmand

Your host, Peter Hunt, welcomes Michael T. Schmand, Executive Director of Buffalo Place

Peter leads the discussion on what Buffalo Place does for the community and the exciting developers, companies and more coming to the city of Buffalo.


Breaking Down Closing Costs

closing paperwork with a blue post-it tab that says, "sign here"

The closing process can be confusing for any homebuyer. One of the things that you as a buyer could be unaware of when closing on are closing costs. Closing costs, by definition, are any costs related to completing a real estate deal. Both the buyer and the seller are subject to closing costs.


Amount of Closing Costs

The actual amount of closing costs will vary depending upon the total cost of the purchase. In general, the buyer can expect to pay 2-5 percent of the purchase price, while the seller should budget for somewhere between 8-10 percent of the final selling price. The buyer will be required to pay a larger amount if the final cost is over one million dollars. In this case, a mansion tax applies to the purchase. The seller typically pays more because they are responsible for broker fees, which normally amount to six percent.

Costs to the Buyer

The buyer is responsible for title insurance and bank fees connected with the mortgage, which will include the bank’s attorney fees and an appraisal of the property value. Other costs include title insurance, mortgage tax, and attorney fees for a lawyer to represent your interests in the deal. The buyer is also responsible for the developer’s costs if needed and an additional mansion tax if the purchase price exceeds one million dollars

Costs to the Seller

One of the biggest expenses for the seller is the brokerage fee. These costs can sometimes be negotiated, but rarely do they fall below five percent. The seller must also cover a transfer tax that ranges between 1.4 percent and 1.825 percent, depending on the final selling price.

Saving on Closing Costs

At times, there may be an opportunity for both buyer and seller to save money on closing costs. For the buyer, buying a nearly new home, rather than completely new, will help eliminate the developer’s costs. Real estate attorney fees can also vary by a few hundred dollars, so shopping around for the best deal will save money.

The Importance of a Good Attorney

It is better to budget toward the higher end of expected closing costs so no surprises arise on the day of closing. An experienced lawyer who specializes in real estate can also be your best resource when it comes to lowering costs. They could save you hundreds, if not thousands, of dollars in the end.

The HUNT Homeowners Club includes licensed attorneys who provide legal services including Real Estate Purchase‚ Real Estate Sales‚ Power of Attorney‚ Simple Wills‚ Name Change and more. For more information on how to retain the services of these attorneys‚ please contact them directly.


A knowledgeable sales consultant is a great resource to help you understand your real estate transaction. That’s why it’s so important to choose your real estate partner wisely. HUNT Real Estate has a team of highly trained professionals who can help guide you through the home buying process from start to finish.


All American Properties Joins HUNT Real Estate

HUNT Real Estate ERA has bolstered its presence in the Capital Region by acquiring All American Properties, a locally-owned real estate firm in Glens Falls, NY. All American Properties has been serving Glen Falls and the Southern Adirondack region for 20 years and employs 20 real estate agents, all of whom will be joining HUNT’s Glens Falls branch at 333 Glen Street, Suite 103. All American Properties sold over $21 million in volume last year and is the largest, locally-owned real estate company in the Glens Falls area.

“I’m very excited about merging with HUNT Real Estate,” Ted Wilson, owner of All American Properties commented. “The synergy of a large, family-owned organization combined with our local, client-focused presence will be a great benefit to our team of agents and the community.”

“It is an honor to have Ted Wilson and his team join HUNT,” said Dave Evans, Regional Vice President of HUNT’s Capital Region. “Anyone familiar with All-American Properties knows they have a reputation for excellence and operate with the highest level of integrity.”

This is the second significant acquisition HUNT Real Estate ERA has made in the Capital Region in the past 12 months. In May 2020, HUNT acquired Century 21 Potvin Realty, which brought 19 additional sales professionals to the firm.


4/17 Radio Show: Diane Sovereign

Linda Mallia, President of HUNT Mortgage, fills in for Peter Hunt. Linda welcomes Diane Sovereign, the leading Mortgage Consultant at HUNT Mortgage.

Linda leads the discussion on the mortgage industry and how the pandemic has impacted the mortgage business overall.


HUNT Real Estate Ranks Nationally With Over $3 Billion in Sales

Leading industry publication ranks HUNT as the top family-owned and operated real estate firm headquartered in New York state

Respected real estate industry publication RISMedia (www.rismedia.com) has released its 2021 Power Broker Report, ranking the nation’s most successful real estate firms based on transactions and closed sales volume. With 12,985 closed transactions and $3.07 billion in sales volume in 2020, HUNT ranked nationally at #39 in sides (transactions) and #86 in volume. The survey also shows that HUNT is the highest-ranked family-owned and operated real estate company headquartered in New York State.

“Despite the challenges that we all faced in 2020, our sales professionals persevered and made it the most productive year in our company’s history,” said Peter Hunt, Chairman and CEO of HUNT Real Estate ERA. “My humble gratitude to this fine group and our very supportive administrative staff that is always there for all of us.”

The RISMedia Top 500 by Sides can be found here:

http://rismedia.com/power-broker-survey-results-2021/?sort_by=trans 

The REAL Trends Top 500 by Volume can be found here:

http://rismedia.com/power-broker-survey-results-2021/ 


Who’s Moved to HUNT Real Estate ERA

We are pleased to welcome the following sales professionals to the HUNT Real Estate ERA family. Their association further affirms our commitment to offering the highest level of service to our clients.

Buffalo/Niagara

Rochester & Southern Tier

Central New York

Capital

Arizona

WHY SHOULD YOU JOIN HUNT?
HERE ARE JUST A FEW REASONS…

The HUNT® Reputation
Rankings & Accolades

  • #1 Family-Owned and Operated Real Estate Firm in New York State
  • Top-Ranked Broker in the ERA Real Estate network 
  • Ranked #43 on REAL Trends Top 500 Brokerages Survey* 
  • Gene Francis Memorial Award Winner Honoring ERA’s Top All-Around Company 
  • Member of Who’s Who in Luxury Real Estate 
  • Ranked one of Western New York’s Fastest-Growing Companies

The Most Productive Agents 

  • 1600 Licensed Real Estate Professionals in 50+ Branches
  • 13,000+ Transactions
  • $3.3 Billion in Closed Sales
  • Per Person Productivity of Nearly 9 Transactions

If you’re ready to take advantage of everything we have to offer AND make more money, join HUNT Real Estate ERA today!

*Source: 2021 REAL Trends 500 | Ranked by Closed Transaction Sides


4/3 Radio Show: Tara Ellis

Your host, Peter Hunt, welcomes Tara Ellis, President & CEO at FeedMore WNY, Inc.

Peter leads the discussion on how the ongoing pandemic has impacted FeedMore, and what they’re doing to assist and deliver meals to the WNY Community.