Closing Cost

A quick overview of New Jersey's real estate fees

Buyer's Closing Cost

Seller's Closing Cost

Category

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Description

Attorney Fee

$1,000~$1,500

Inspection

4%-6%

Title Related Fee

$100~$300

CCO Fee

Depends on town, usually $50~$150

Seller's Credit

Based on buyer’s inspection claim

Seller’s Concession

Seller Agreeing – a buyer to get extra mortgage for closing cost up to 5%

Adjustments

Adjusting Unpaid or Prepaid – Property Tax, Insurance, HOA fee (Condo)

Other Fees

FedEx, Wire Transfer Fee, Power of Attorney, etc.

Realty Transfer Fee

General Seller

For sales amount over $350,000
‍.58% ~$150,000
.85% $150,001~$200,000
.96% $200,001~$550,000
1.06% $550,001~$850,000
1.16% $850,001~$1,000,000
1.21% Over $1,000,000

For sales amount under $350,000
‍.40% - ~$150,000
.67% $150,001~$200,000
.78% $200,001~$350,000

Senior over 62, Blind Person, Disabled Person

For sales amount over $350,000
‍.28% - ~$150,000
.43% $150,001~$550,000
.53% $550,001~$850,000
.63% $850,001~$1,000,000
.68% Over $1,000,000

For sales amount under $350,000
‍.10% ~$150,000
.25% $150,001~$350,000

Realty Transfer Fee Exemptions

1. Government property
2. Husband and Wife, Parent and Child
3. Converting all Coop to Condo
4. Correction on previously recorded Deed