Can anybody who has sold a co-op tell me exactly what happens at closing what you are supposed to pay for if you are the seller

You will be paying your legal fees and broker commissions but usually the buyer or his bank cuts all the checks and takes it out of what you get.

you also have move out fees and a fee to the managing agent for processing the paperwork. Sometimes this is paid before closing.

http://www.corcoran.com/guides/index.aspx?page=ClosingCosts

1. Your legal fees
2. Co-op Attorney legal fees
3. Pay off existing mortgage + your mortgage copmpany usually charges 200-300 for delivering your stock certificate and proprietary lease to the closing
4. Flip tax if applicable to your co-op
5. State and City transfer tax ( .4% and 1% or 1.45% depending on the price)
6. Broker's fees
7. Move-out fees if applicable
8. Maintenance from the beginning of the month to the closing date

All checks are usually cut from the sale proceeds.