Questions New Jersey Sellers Ask Us

We start from what similar houses close to yours have sold for, then take off the repair bill the house will need, the town and state inspection items and our costs of holding and reselling it. We show you that reasoning with the offer, so you can test it against an agent's estimate or your own research.

No. We see the house before we put a figure in writing, so there is no later inspection to renegotiate from. The only thing that can change the number is something nobody could have known, such as an unrecorded lien turning up in the title search, and we would show it to you before asking for any change.

No. Sellers pay us nothing: no commission, no service charge. The state's transfer fee and any payoffs on the house are listed on the written offer, along with who pays each one, so the figure you agree to is the figure you can plan around.

Houses with one to four units, townhouses, condos and vacant land, anywhere in New Jersey. Condition does not matter: fire or water damage, a failed oil tank, an unfinished renovation and a house full of belongings are all fine.

Not at all. Asking costs nothing, and declining costs nothing. You are only bound by a signed contract, and even then the state's attorney review period applies when an agent prepared it.

It is a three-business-day window after a contract prepared by a real estate licensee is signed and delivered, during which either side's attorney can propose changes or cancel. Weekends and legal holidays are not counted. The rule covers homes of one to four units and vacant lots meant for a single house.

Selling a one- or two-family home takes a certificate from the town's fire or code official confirming the smoke and carbon monoxide alarms, unless the town's own resale inspection covers it. Some towns, Newark among them, require a municipal certificate for every sale. We book these inspections when you sell to us.

Every seller in the state has had to answer the flood questions since March 20, 2024, before the buyer is bound: whether the house is in a FEMA flood zone, any flood damage you know of, flood insurance claims and any federal flood assistance. You answer from what you know; you do not need to research it.

It depends on the price and is charged in brackets per $500 of consideration, at lower rates for homes up to $350,000. Sellers aged 62 or older, blind or disabled who live in the one- or two-family home can qualify for reduced rates. The Division of Taxation publishes the full rate table.

Yes, an estimated income tax payment is made at closing: 10.75% of your gain, but never less than 2% of the price. It is a prepayment, not a final tax, and you settle up when you file a New Jersey nonresident return. You can usually sign remotely, so you do not need to travel to close.

At a title company or attorney's office, on the date you chose. If you cannot be there, you can sign the papers with a notary near you and send them back. The sale money is wired to you once the deed is signed and the payoffs are made.

No, and New Jersey law would rarely let you empty it for a sale anyway. The Anti-Eviction Act does not list a sale as grounds for removal, and a buyer must honor the leases already in force. We take the house with the tenants in it, along with their leases and security deposits.

The estate can sell once the county Surrogate has issued letters to the executor or administrator; the rest of the estate does not need to be wrapped up first. Class A heirs, such as children and spouses, owe no inheritance tax, and the waiver the title company needs can often be handled with Form L-9.

No, not for anyone who died on or after January 1, 2018. The separate inheritance tax remains, but it depends on who inherits: nothing for Class A relatives, a $25,000 exemption and then graduated rates for brothers, sisters and children-in-law, and 15% to 16% for most others.

Yes, right up to the sheriff sale. The sale pays the lender, including its legal costs, and the case is dismissed. Because you are in foreclosure, you have ten business days after signing to cancel, and we schedule the closing after that period.

It is a lien the town sells to an investor or keeps itself when property taxes go unpaid, and it carries interest of up to 18% a year. You can sell with one on the house; the certificate is redeemed from the price at settlement. A third-party holder can move to foreclose after two years, so selling sooner keeps more for you.

Each spouse on the title signs the contract and the deed; the net proceeds are then divided as your settlement or the court order says. With a cash sale there are no showings to coordinate between two households and no buyer's mortgage that can collapse late. Your attorneys can review the contract before either of you signs.

It is the city's resale certificate, required whenever a residential or mixed-use property in Newark is sold or transferred. It follows an inspection, a zoning review and a fire safety inspection, costs $400 for a one- or two-family house according to the city, and is valid for 90 days.

Yes. Newark requires every landlord to register each rental unit, and an unregistered building is something to deal with before or during the sale rather than a reason it cannot happen. Tell us at the start so we can plan for it alongside the city's resale inspection.