As part of RealPartner’s cooperative financial solutions, we employ a little known legal method whereby both sellers and buyers can receive Thousands of Dollars in New York State Closing Tax Credits (CTC)™. Although these Tax Credits are enabled by New York State Statutes, the state government does not advertise the unique legal process which can save thousands in otherwise collected closing taxes. And why would they? They’re much more interested in collecting tax dollars than promoting a way for consumers to avoid them.
RealPartner® uses expert legal procedures to bestow this benefit on all parties, making it easier and more affordable for buyers to buy and more profitable and efficient for sellers to sell. This is not the Federal Government tax credit program, which has expired. This is an available legal strategy utilized by RealPartner® attorneys to help improve the transaction by mutually benefiting buyers and sellers with tax savings.
The exact amount of Closing Tax Credit (CTC)™ available on a particular property differs depending on the specific legal and financial contours of the property. This tax saving strategy is most advantageous and beneficial when evaluated with the seller at the very beginning of the listing process. When determined early on, these tax credits can be optimally leveraged into savings incentives designed to help market and sell a property more successfully through inducements and money saving offers that will attract better offers from more potential buyers.
When combined with the benefits of RealPartner’s cooperative financing services and other incentives, the Closing Tax Credit (CTC)™ is an ideal method which can be utilized to maximize the results of your real estate transaction in an otherwise slow and difficult market.
Here are some examples of New York City real estate purchase transactions
where RealPartner® can save sellers and buyers by employing our exclusive Closing Tax Credit (CTC)™
| Transaction | Sale #1 | Sale #2 | Sale #3 |
| Sales Price | $850,000.00 | $700,000.00 | $450,000.00 |
| Existing Lien | $650,000.00 | $500,000.00 | $400,000.00 |
| Seller Tax Credit | $2,000.00 | $2,000.00 | $1,600.00 |
| Buyer Tax Credit | $7,378.38 | $5,443.75 | $4,154.00 |
| Total Savings! | $9,378.38 | $7,443.75 | $5,754.00 |
Here are some examples of Westchester County real estate purchase transactions
where RealPartner® can save sellers and buyers by employing our exclusive Closing Tax Credit (CTC)™
| Transaction | Sale #1 | Sale #2 | Sale #3 |
| Sales Price | $750.000.00 | $500,000.00 | $350,000.00 |
| Existing Lien | $600,000.00 | $400,000.00 | $300,000.00 |
| Seller Tax Credit | $2,000.00 | $1,600.00 | $1,200.00 |
| Buyer Tax Credit | $3,216.00 | $1,809.00 | $1,105.50 |
| Total Savings! | $5,216.00 | $3,409.00 | $2,305.50 |
Here are some examples of Nassau County or Suffolk County real estate purchase transactions
where RealPartner® can save sellers and buyers by employing our exclusive Closing Tax Credit (CTC)™
| Transaction | Sale #1 | Sale #2 | Sale #3 |
| Sales Price | $750.000.00 | $500,000.00 | $350,000.00 |
| Existing Lien | $600,000.00 | $400,000.00 | $300,000.00 |
| Seller Tax Credit | $2,000.00 | $1,600.00 | $1,200.00 |
| Buyer Tax Credit | $2,211.00 | $1,139.00 | $603.00 |
| Total Savings! | $4,211.00 | $2,739.00 | $1,803.00 |
In all of these examples, both sellers and buyers save thousands, and these properties could
sell faster and more efficiently thanks to RealPartner®.
Savings in New York City are more than other counties because the taxes imposed are greater.
Savings in Yonkers are more than other cities in Westchester county because the taxes imposed are greater.
To calculate your potential savings, use our Tax Credit Calculator.
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