New Jersey seller net sheet and closing costs

In New Jersey, the seller usually pays the agent commission, their own loan payoff, the realty transfer fee (consideration $350,000 or less), the realty transfer fee (consideration over $350,000) and the graduated percent fee (formerly the 1% "mansion tax"). The buyer usually pays the lender fees, the lender's title policy and the owner's title policy. The buyer usually pays the settlement or escrow fee.

The buyer usually pays for the owner's title policy in New Jersey. In New Jersey, each title insurer files its own rates. So prices differ between title companies. The net sheet uses typical rates. The title company that runs the closing gives the final quote. A title company or attorney usually handles the closing.

Attorney review is customary in northern New Jersey (each side pays its own attorney, ~$1,200-$1,800); title companies close in the south. Seller pays the realty transfer fee and the graduated fee.

NetSheet.org is not tied to any title company. The net sheet works with any title or escrow company. See how it compares with title company net sheet tools.

Each side pays the taxes for the days it owns the home. Property taxes in New Jersey are paid in advance. So the buyer usually pays the seller back for days after closing that the seller already paid. Taxes run about 2.2% of the home's value per year. Quarterly bills due Feb 1, May 1, Aug 1 and Nov 1 for the quarter (10-day grace); seller is credited for a paid quarter after closing and owes an unpaid one through closing.

• nj.gov

Checked 2026-09-29. A net sheet is an estimate. It is not a closing statement or tax advice. The title or escrow company gives the final figures. See a rate that looks wrong? Email [email protected].