Burlington Township, NJ

New Jersey Real Estate Transfer Tax

 

One thing that I explain to my clients who are selling their New Jersey Home is that the State of New Jersey imposes a Real Estate transfer tax.  This is a tax imposed on Sellers by the State of New Jersey pursuant to N.J.S.A. 46:15-5 et seq.  This tax was first enacted in 1968.  A reduced Realty Transfer Fee is available to senior citizens, blind persons, and disabled persons on the sale of one-or two-family residences which they own and occupy, and on the sale of low and moderate income housing.

 The calculation is a little complicated, so I have compiled the table below.  This law has been amended several times and I am not a lawyer.  Therefore please note that the actual amount due will be calculated by the title clerk.  The table below is to be used for illustrative purposes only. 

Sales Price	Non Exempt and New Construction	Senior Citizen/Blind Disabled/Low Income
$50,000	$200	$50
$100,000	$400	$100
$150,000	$600	$150
$200,000	$935	$275
$250,000	$1,325	$400
$300,000	$1,715	$525
$350,000	$2,105	$650
$400,000	$3,215	$1,495
$450,000	$3,695	$1,710
$500,000	$4,175	$1,925
$550,000	$4,655	$2,140
$600,000	$5,185	$2,405
$650,000	$5,715	$2,670
$700,000	$6,245	$2,935
$750000	$6,775	$3,200
$800,000	$7,305	$3,465
$850,000	$7,835	$3,730
$900,000	$8,415	$4,045
$950,000	$8,995	$4,360
$1,000,000	$9,575	$4,675

 

If you have any other real estate related questions, feel free to text, email or call me.  I am a Realtor & Real Estate Consultant that specializes in Burlington Township, NJ.

Have a great day

Make THIS year YOUR Best Year Ever

 

 

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Why I DO What I DO

 

I have been asked countless times.....Exactly why are you a Realtor?

The very simple answer is......

I LOVE WHAT I DO

AND

I THINK I AM THE BEST REAL ESTATE CONSULTANT THAT EVER LIVED 

 

Now I know some people will take offense to my last statement, but that's ok.  If I didn't have confidence in myself and what I do......Why should you hire me to represent you???  There are also some other great Realtors out there.  I have created a network of like minded Realtors inside and and outside of New Jersey.  That way if you or someone you care about is looking to buy or sell real estate outside of my specialized area (Burlington Township, Burlington County, NJ), I can still help you.  

Back to the story at hand.........

I love what I do.  There is nothing like looking into the eyes of a client when they first tell me about their dream home.  There is a certain look that comes over their faces when they are walking through their new home in their minds eye.  There is nothing like the excitement of a couple describing their new home that they will move into once we sell their current house.   I love the look of children when they run through a house and pick out their bedrooms.....even before the parents have said they like the place. Kids have such enthusiasm and excitement.

My job is to take all of your hopes, wishes and dreams and make them come true.  That is a wonderful position to be in.  Now I don't claim that the process is all peaches in cream.  There are days that my clients make me pull my hair out (now you know what happened to my hair).........I wouldn't trade that for anything.

As we move through the process of buying and or selling, I treat your money like a pit bull.  I am a tough but fair negotiator.  I always look for the win-win solution.  In the end, I ALWAYS go home knowing that I have done the best job for my clients that anyone can do.  

 

So that's it in the nutshell.

My name is Leander McClain.

I am a Realtor & Real Estate Consultant and I LOVE My Job.

If you are looking for someone like me to represent YOU...text, email or call me at YOUR convenience.  

Have a great day and

Make This Year YOUR Best Year Ever

 

 

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Question:  Are Homes Selling In Burlington County, NJ in 2009?

Answer: YES!!!  I have seen a number of homes sell  in December 2008 and others that will sell early in 2009.  In some areas, activity has picked up. Especially in Burlington Township, Mount Laurel and Evesham

 

Question:  Is now the right time for me to buy to buy a home in Burlington County, NJ?

Answer: Maybe.......Maybe Not.  I always tell my clients that there is no one universal answer that fits everyone.  Each person's situation is different.  As a Realtor & Real Estate Consultant, the last thing I want to know is how many bedrooms and bathrooms are you looking for.  I have to take time to get to know you. I need to know about your life and your lifestyle.  I need to get to know YOU, Your FAMILY, YOUR LIKES and dislikes.   Why should I waste your time?  Time is valuable....both yours and mine.

 

Question:  Is now the right time for me to sell my Burlington County, NJ Home?

Answer:  Maybe......maybe not.  

Just like the buyers I mentioned above, it all depends on your personal situation.  I probably have turned down more listings than any other Realtor in Burlington County.  When we discuss whether now is the time to sell your home, I spend time getting to the real reason you are looking to sell  your home.  What are you looking to accomplish after you sell your home.  In most cases, the reason for selling has nothing to do with money.  Once we determine the real reason for selling, we discuss what you can reasonably expect to sell your home for in this market.  If that selling price will help you meet your goals, we move on to listing the house.  If it does not, I will suggest that now is NOT the best time to sell your home.  

I am a real estate consultant, I spend time getting to know your needs before I ever discuss how many bedrooms and bathrooms you want in your new home or how much you want to sell your home for.  The first thing I tell you is "there are thousands of agents who can help you buy or sell you a house, but only one that can help you find your home". You see, if I don't find out what's really important to you, I will NEVER be able to find your home. After we have spent some time talking and I get to know you and get to know what is most important to you (not necessarily related to real estate), then we can get down to finding your new home or selling your old house.  As a real estate consultant, I don't help clients buy and sell houses; I make their dreams come true. 

If you are interested to see how I can make YOUR dreams come true, text, email or call me at YOUR convenience.  I am here to help you.

Make This Year Your Best Ever,

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

 

Burlington Township, New Jersey 2008 Real Estate Market Statistics

Some of my clients want to know how the real estate market is doing in Burlington Township, NJ.  I usually tell them that houses are selling, however.....numbers usually do a better job of explaining the facts.  So I will post every month a simple table of market statistics.  Just the facts and nothing but the facts.

Burlington Township, NJ Market Statistics
December-08
Single Family Homes		Townhomes		Total
Total Inventory	135	Total Inventory	24	159
Settled	9	Settled	2	11
Percentage Sold	7%	Percentage Sold	8%	7%
Absorption Rate (months)	15.0	Absorption Rate (months)	12.0	14.5

Analysis

In December, 2008, there were 159 homes available for sale in Burlington Township.  Eleven (11) of those homes were sold (settled).  Very simply, 7% of the total inventory sold or 93% of the inventory did not sell.  If we were to continue to sell homes at the rate of 11 per month, it would take us 14.5 months to sell all of the home currently for sale in Burlington Township.  This assumes of course that all of the homes currently for sale would remain for sale and that no additional homes would be added to the inventory.

There are many factors that come into play.  Each of my clients must make the decision to buy or sell that is right for themselves and their family.  If you would like to discuss whether now is the right time for you to buy or sell, please give me a call.  There is NO Pressure.  In fact, I have told many people that now is not the right time for you to make a move.  My clients appreciate my honesty and come back to me when they ARE ready.  Funny thing is, they also refer their family, friends and people they care about to me.

Any questions, please, text, email or call me.

Make This YOUR Best Year Ever

Leander

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Make 2009 Your BEST YEAR Ever

 

This is the time that many people make New Years resolutions.  Many times resolutions are made on or before January 1^st and broken by February 1^st.  Several years ago, I made a change.  I stopped making new years resolutions in the traditional manor.  First of all, I no longer wait until January 1^st to start my goals for the New Year.  I usually start somewhere in the middle of November.  Secondly, I stopped setting myself up for failure.  What I mean by that is, I stopped setting particular health and money goals.  You may be thinking....

 

Leander, what type of resolutions do you make?

 

I make one general change to my mindset for the year.  Any other goals that I make support that mindset change. 

 

2008 was a great year for me.  My wife and others who are very close to me know that I struggled for most of the year with personal and financial issues.  In fact many of those issues were not solved.  Readers of my blog would have never known.  Why?  Because I chose not to focus on my problems.  My resolution for 2008 was that I was going to make it a "Great 2008".   In all that I did, I focused on making it a Great 2008.  Did I make some changes in my eating habits to improve my health?  Yes I did.  Did I make a concerted effort to save more money?  Yes I did.  Did I do a little more exercise than I did the year before?  Yes I did.  Did I go to the gym?  No.  Did I give up eating pretzels?  No (but I did switch to unsalted).  By NOT making a resolution, I was able to keep my resolution for the year. 

 

My 2009 theme is "It's Mine in 09"

 

2009 will be my best year ever.  I invite all of you to join me in making 2009 your best year ever.

 

Have a Great Day

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)