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Hello, we are getting ready to sell our small townhouse in Hunterdon county and I don't want to pay a high commission. Is it realistic or not to find a real estate agent that will agree to a 4% commission? Also, is there a transfer tax out of New Jersey and how much is that? Thanks ahead of time.
Commissions in a real estate contract are always negotiable so I would contact a few local agents and discuss your situation. Some agents have a commission that they always charge and some will be flexible. As for the transfer tax, here is a state site that will allow you to figure out what your tax will be. It all depends on how much you sell your home for. Good luck.
We just sold in Mercer Co.and paid 4%, it was offered by the agent.
This was not a discounted service, beautiful pics, good exposure, house sold over asking after the first open house.
Good luck!
Hello, we are getting ready to sell our small townhouse in Hunterdon county and I don't want to pay a high commission. Is it realistic or not to find a real estate agent that will agree to a 4% commission? Also, is there a transfer tax out of New Jersey and how much is that? Thanks ahead of time.
i don't know any agent would agree 4%, but I guess depends on how much your property is.
I have heard buyer and seller agents share 5%. and the Real Estate Transfer tax is 1% of the sale price.
i don't know any agent would agree 4%, but I guess depends on how much your property is.
I have heard buyer and seller agents share 5%. and the Real Estate Transfer tax is 1% of the sale price.
Hunterdon Co. is a popular place to live with good schools. There are a lot of agents selling in OP's area, he/she should have the leverage to negotiate the desired commission %.
The transfer tax is significantly reduced if you are 62+
[quote=jerseyj;51829684]Hunterdon Co. is a popular place to live with good schools. There are a lot of agents selling in OP's area, he/she should have the leverage to negotiate the desired commission %.
The transfer tax is significantly reduced if you are 62+[/quote]
That's good to know that the transfer tax is reduced if you are 62+. Do you know where I can find documentation on that?
We just sold in Mercer Co.and paid 4%, it was offered by the agent.
This was not a discounted service, beautiful pics, good exposure, house sold over asking after the first open house.
Good luck!
"There is also partial exemption to the tax based on certain situations-to senior citizens who are defined as individuals age 62 or older......."
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