The New Jersey Realty Transfer Fee (RTF) question comes up on a daily basis with sellers...so, I asked my go-to New Jersey Real Estate Attorney Rosemary Stone-Dougherty to shed some light on this topic:
The New Jersey Realty Transfer Fee (RTF) is essentially a sales tax based on the sale of your home and is paid by the seller. It is strictly calculated off the Deed price of your home and per Statute.
Unfortunately, there is not an easy calculation for this...Continue Reading!
For many Americans, the purchase of a home is the single largest investment they will ever make.
Home-ownership is an integral part of the American dream, yet like anything else, purchasing a home comes with certain risks. Homeowners insurance and flood insurance help protect you from loss or damage due to theft, fire, or acts of nature.
But what if your ownership itself was challenged?
Title insurance protects property owners or others with a financial interest (such as a mortgage lender) from loss...Continue Reading!
You just placed a bid on a home in NJ over $1,000,000, and the seller agreed to your price!!!
Did you know that you will owe the State of New Jersey 1% of the total purchase price for any property purchased with a sales price of $1,000,000 or higher?
Welcome to the NJ Buyer's Mansion Tax. The fee is paid to the County Clerk where the property is located. Both residential and commercial properties are impacted by this fee. (There are...Continue Reading!
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