The Hidden Costs of Selling a Home in New Jersey

What Sellers Often Underestimate

Many homeowners focus on sale price. Fewer calculate net proceeds.

Understanding the full financial picture prevents surprises.

Common Selling Costs in NJ

Transfer Tax

New Jersey charges a Realty Transfer Fee based on sale price. Higher price points increase this expense.

Attorney Fees

NJ is an attorney review state. Legal fees are standard.

Mortgage Payoff

Request a payoff statement early. Some loans include prepayment penalties.

Capital Gains

If this is not your primary residence, or you exceed IRS exclusion limits, consult a CPA.

Pre-Closing Repairs

Inspection items and lender-required repairs can affect net proceeds.

Overlapping Housing Costs

If purchasing another property, temporary double payments may apply.

Why a Net Sheet Matters

Before listing, request a detailed net proceeds estimate that includes:

• Expected sale price

• Commission

• Taxes and transfer fees

• Mortgage payoff

• Estimated closing adjustments

Clarity builds confidence.

Final Thought

Selling is not just about price. It’s about net outcome.

If you’re considering selling in Bergen or Hudson County, I will prepare a detailed net sheet so you can make decisions with precision.