Home Buying in Irvington>Question Details

Genna, Home Buyer in Union, NJ

what are the estimated property taxes, closing cost and the median sales for a home located near orange ave. and madison ave.

Asked by Genna, Union, NJ Tue Mar 29, 2011

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You can get the median sale price by checking out zillow or having a comparative market analysis done by a realtor (like me). Taxes vary by municipality. Closing costs for a buyer should not be more than 4% of the sale price. Please contact me if you need help with purchasing or selling a property. I can point you in the direction of some excellent mortgage programs where you do not need to pay mortgage insurance. However, there is an income cap of about $80,000 per year. I can be reached at RBruckner31@gmail.com. Robert Bruckner Coldwell Banker
0 votes Thank Flag Link Wed Apr 18, 2012
Hello Genn,

Each county/municipality has their own taxes - and most are computerized in their tax estimates and actual taxes reporting. As Anna suggested, GFE is great to see what closing costs are involved in the process of buying - I'd get three from different companies - to see who is more competative.
To find out more - I agree - ask your realtor on the specific property.
You can also check out Zillow.com valuations (often wrong, but they do give you some idea about the local values trends).

Also, you may want to ask your agent about other costs involved in your purchase (like inspection, home and flood insurance).

Hope this helps,

Irina Karan
CDPE - Certified Distressed Property Expert
Beachfront Realty, Inc.
0 votes Thank Flag Link Wed Apr 18, 2012
Your agent can best advise--property taxes do vary, therefore if asking about a specific property, ask your agent the question, and or, check with the local tax assessor's office; as for closing costs--ask your loan officer for a good faith estimate as much would depend on your loan fees--generally one can expect attorney fees, title fees, recording fees, survey fees, inspection costs, homeowner insurance costs, pro-rated costs, etc.
0 votes Thank Flag Link Tue Mar 29, 2011
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