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Home Selling in 08852 : Real Estate Advice

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  • Home Buying9
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Activity 4
Mon Mar 7, 2016
Nlorber asked:
Mon Sep 16, 2013
Linda Schwarz answered:
Howard,

As a NJ seller, at closing you will need to pay a real estate transfer tax. The amount you pay depends on the sales price of your home. For example, if your sales price is $380,000 and you are not over 65, your real estate transfer tax would be $3,023 calculated as follows: $2.90/$500 up to $150,000 ($870); $4.25/$500 in excess of $150,000, but not in excess of $200,000 ($425); $4.80/$500 in excess of $200,000, but not in excess of $550,000 ($1,728).

Hope this helps!

Linda Schwarz, Realtor Associate, Top Producer
Gloria Nilson & Co Real Estate
939 Ridge Rd., Ste. 1A
Monmouth Jct., NJ 08824
(732) 297-2320 - Direct
(732) 422-2277 - Cell
(732) 940-9062 - Fax
linschwarzhome4sale@yahoo.com (preferred e-mail)
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Sat Sep 12, 2009
John Sacktig answered:
Once your listing expires with buyer A - yes, there is a proctection clause that will protect the Broker from you selling your house to anyone that they have shown the house to on your own. As long as it is not listed with another agency.

The minute you list with Broker B.. (that can be day two after your expiration with Broker A ) and that buyer comes into that house with another agent, even a dual agent.. Broker A is not owed a commission.
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