Simple breakdown of basic closing costs.

Here are the basic closing costs when settling on a property in Southern NJ. Some of these figures will cary depending on the purchase price and size of the home.

SELLER:

Deed (Approx $175.00)
NJ Transfer Tax (Based off of purchase price) on $250,000.00 sale- $1325.00
Termite repair *if applicable* (Varies depending upon damage)
Attorney Fees (Apporx $600.00 - $900.00)
Commission (Varies on purchase price and commission percentage)
Mortgage Payoff *if applicable (varies upon payoff)
Misc. ( Apporx $300.00

BUYER:

Title fees + Report + Cost of settlement (based on purchase price)
Survey + (Elevation Cert. if applicable) (approx. $600.00 - $800.00)*without elv. cert ($425-$625)
Septic Inspection (if applicable) (approx. $300.00 - $400.00)
Adjustments to water/taxes (approx. $200.00 - $300.00)
Home + Termite Inspection (apporx. $300.00 - $500.00)
Attorney fees (approx. $800.00- $1200.00)

These numbers are based off of a normal settlement in Southern New Jersey. They may vary by state or county. Please examine further with your Realtor or closing Attorney if you have one.