Title: Sell House in New jersey (1)
1Sell house in New Jersey
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2Sell House in New jersey
- New Jersey home sellers should not overlook the
New Jersey Realty Transfer Fee when calculating
closing costs and net proceeds. It's not a
nominal fee, but it's not an "exit fee," either. - Wondering what your real estate closing costs
will be when you sell your home? - Yes, you will have to pay off any mortgages you
have on the home. Yes, there will be a real
estate brokerage fee if you use the services of a
Real Estate Broker in the marketing and sale of
the home. And yes, in all likelihood, you will
use an attorney and there will be an attorney fee
for services rendered throughout the real
estate transaction.
3Sell House in New jersey
- Those fees will be paid from the sale proceeds at
closing of title in addition to some other
expenses, such as real estate taxes and mortgage
interest prorated as of the closing date,
mortgage cancellation fees and perhaps some other
expenses or fees related to the real estate
transaction or closing of title. - Oh yes, there is one other expense for home
sellers of New Jersey properties, and that is the
New Jersey Real Estate Transfer Fee. This fee is
not an "exit tax", but it is a fee charged to all
sellers of properties in New Jersey, whether the
seller currently resides in New Jersey or not. It
is collected at closing of title and is paid to
the New Jersey Treasury Department. The proceeds
from the Realty Transfer Fee provide support for
the Public Health Priority Fund, shore protective
initiatives, housing programs, extraordinary
special education and municipal aid and direct
aid to New Jersey Counties.
4Sell House in New jersey
- So what does the New Jersey Realty Fee cost a
home seller in New Jersey? It is not a nominal
fee! The fee is based on sale price. The higher
the sale price, the larger the transfer fee.
There are two home seller fee schedules one for
Senior Citizens (62 years of age and older) and
one for everyone else. - For your review, I am providing links to
worksheets to calculate the Transfer Fee for New
Jersey properties. - For more information regarding closing costs on
the sale of a home, it is recommended you contact
your realtor or attorney. - Don't overlook the New Jersey Realty Transfer
when calculating net proceeds in the sale of a
home in New Jersey!
5Visit http//www.855skyhouse.com/seller.html