New Jersey real estate, line by line
New Jersey runs on its own rules. Here they are from the state's own sources, written by a working New Jersey investor.
Example seller closing costs
The seller's side of a one-family home sale.
| Line | Line item | $450,000 | $850,000 | $1,200,000 |
|---|---|---|---|---|
| Realty transfer fee | $3,695.00 | $7,835.00 | $11,995.00 | |
| Graduated fee over $1,000,000 | $0.00 | $0.00 | $12,000.00 | |
| Computed total | $3,695.00 | $7,835.00 | $23,995.00 | |
| Nonresident seller's estimated tax | Varies | Varies | Varies | |
| Smoke and CO alarm certificate | Varies | Varies | Varies | |
| Town resale inspection | Varies | Varies | Varies | |
| Property tax proration | Varies | Varies | Varies |
An example for one sale, computed from the state's published rates. Exemptions and reduced rates can apply, so check your own deal.
What's different about investing in New Jersey?
New Jersey charges its realty transfer fee to the seller, has no statewide rent control law, and lets a court remove a residential tenant only for a good-cause ground its Anti-Eviction Act lists. Each row below is one of those rules, with the guide that sets it out.
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Realty transfer fee
New Jersey charges the realty transfer fee to the seller when the deed for a sale is recorded.
Seller pays
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Closing costs
Taxation says state law requires nonresident sellers to pay estimated gross income tax of 2% of the price on a sale of New Jersey real property.
Seller pays fees
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Certificates of occupancy
Under the State Uniform Construction Code, a new building may not be used or occupied until the construction official issues a certificate of occupancy.
Town by town
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Rent control
New Jersey has no State law that sets or controls rents; towns may pass rent control or rent leveling ordinances, which local boards enforce.
Town by town
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Eviction process
No residential landlord in New Jersey may evict a tenant, or refuse to renew a written or oral lease, without good cause.
Statewide law
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Attorney review
The buyer and seller have three business days from delivery of the completely signed contract to consult an attorney.
3 business days
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Property taxes
Across New Jersey, the average residential property tax bill in 2025 was $10,340.
$10,340 average
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Wholesaling rules
Bill A4278, introduced February 19, 2026, would require an individual engaging in a wholesale transaction to be licensed. It was referred to the Assembly Regulated Professions Committee.
Bill in committee
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Real estate deal analysis across all 8 exit strategies
Enter any US address and Appraize models all 8 exit strategies: wholesale, fix and flip, BRRRR, buy and hold, subject-to, seller finance, lease option and novation. Comps from real MLS data, ARV, a repair estimate and a max offer for each.
See Appraize- wholesale
- fix and flip
- BRRRR
- buy and hold
- subject-to
- seller finance
- lease option
- novation