what arehome buyer responsible for in closing costs in state of new jersey ?

Antoinette
Home Buyer
Wenonah, NJ

Answers (3)
Nicholas Christ...
Agent
Sewell, NJ

Best advice is to contact the title company who is handleing your home. There are taxes, water/ sewer bills that are all paid quarterly so that money has to be reimbursed to the seller, depending on the settlement date.

Fri May 9 2008, 11:39
Richard Stanton
Agent
Montclair, NJ

Additionally, while not closing costs, per se, you may be responsible for escrowed taxes and insurance for the mortgage company, municipal taxes (prepaid by the seller and or for the coming quarter), title insurance. You may also pay for oil left in the tank if applicable! These things add up. Make sure you will have cash to cover it!! Ask an agent for sample HUD-1's aka closing statements for your town.

Thu Jan 31 2008, 12:50
Diane Glander,...
Agent
Spring Lake, NJ
FIRST ANSWER

As the buyer, items you may have to pay include:
mortgage application and commitment fees, home owner's insurance, title search fees, attorney's fees, recording and transfer fees, appraisal, survey.
The nature and cost of these fees will vary by lender.

Thu Jan 31 2008, 06:36

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