Mount Royal : Real Estate Advice

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Elisa Dewees, Real Estate Pro in Cherry Hill, NJ
Elisa Dewees answered:
If a home which is part of an estate under $100K is being sold and one of the children do not live in NJ- must they pay the 2% tax?
here is a link to the website which answers the tax question
0 votes Share Flag Thu Nov 19, 2015 Home Selling in Mount Royal
Elisa Dewees, Real Estate Pro in Cherry Hill, NJ
Elisa Dewees answered:
Do lawyers require you to pay the 2% tax for those living out of NJ before a closing?
the 2% tax also called the "Exit fee" is not charged by lawyers. It is a state law. If you have not lived at the home being sold 2 out of the last 5 years, teh state has title companies ... more
0 votes Share Flag Thu Nov 19, 2015 Home Selling in Mount Royal
Kimberly Tho…, Real Estate Pro in Voorhees, NJ
Kimberly Thomas answered:
how should we negotiate new construction in east greenwich twp nj when we dont have a realtor to help us. Any tips would help!!!!?
You may have a buyer's agent, whose fiduciary responsibility is solely to you, assist you through this very important business transaction. IF you have already toured the model h ... more
1 vote Share Flag Mon Jun 27, 2011 Home Buying in 08061
Marc Paolella, Real Estate Pro in Succasunna, NJ
Marc Paolella answered:
In simple lay man's terms. Please explain what is called to as an exit tax. A tax on NJ residents who have sold their primary residence
Hi Nanci,

There is no exit tax, it is a myth. There are some additional withholdings for residents leaving this overtaxed state, however they do not represent any actual additional t ... more
0 votes Share Flag Sun May 16, 2010 Home Selling in Mount Royal
.,  in Tranquil Place, Care...
. answered:
Can someone explain to me the NJ exit tax?
Hi Chris,
In simple trerms, no you are not paying a tax to leave NJ. NJ withholds money, similar to your state income tax withholding, if you move out of state. They are trying to make ... more
0 votes Share Flag Sat May 15, 2010 Home Selling in Mount Royal
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Jeanne Feenick answered:
My wife and I are currently shopping for a home, and our realtor told us that a basement adds value to a home.
Hi Raymond, I think the lack of a basement in a style that could have one, like a Colonial or Ranch detracts from value. In an area of the country where basements are expected/common, ... more
0 votes Share Flag Fri Oct 24, 2008 Home Buying in 08061
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