Legal Costs
1. Attorney Fee: $700-1800 approx. (varies, depending on attorney and complexity of transaction)

Mortgage Costs
2. Mortgage: outstanding balance
3. Mortgage Cancellation Fee: $40 to $125
4. Other Liens:
5. Realty Transfer Tax:

Other Costs
6. Tax
7. Water/Sewer
8. Oil in Tank
9. Home Owner’s Association Fees
10. Certificate of Occupancy: $50 to $150 (if applicable)
11. Smoke Detector Certificate $75 to $150 (not applicable in NY)
12. Real Estate Commission
13. NJ Non-Residential Income Tax: estimated taxes are paid when deed is recorded. Minimum amount is 2% of sales price. (Exemptions apply; consult your attorney for details.)