Hudson County Real Estate Costs

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Hudson County Real Estate Costs

The most important fee to consider as a seller in Hudson County, New Jersey is the RTF and GIT taxes. GIT taxes cost $2.00 per $500 sales considerations up to $350,000. Additional fees that may be accrued by the seller include Realty staging, recording fees (starting at $45), real estate commission, legal fees, and title company fees. In some cases, these fees can be included in the closing costs. Details of our findings have been provided below.

Realty Staging

  • The National average staging cost is $1,223 with a typical range between $517-$1,943.
  • Staging fees can be calculated using an online service such as Home Advisor, or by contacting companies directly.
  • There are 725 Realty stagers in Hudson County, New Jersey with a wide price range, meaning there is no way to narrow down the cost or calculate without knowing exactly the services needed.

Taxes

  • When selling a house in New Jersey, nonresident sellers, transferors, and grantors are required to pay 2% GIT of the consideration for the real property or 8.97% of the net gain from the sale. This tax must be paid prior to the closing of sale.
  • Forms for GIT include the following:
    • GIT/REP-1: Nonresident Seller's Tax Declaration
    • GIT/REP-2: Nonresident Seller's Tax Prepayment Receipt
    • GIT/REP-3: Seller's Residency Certification/Exemption
    • GIT/REP-4: Waiver of Seller's Filing Requirement of GIT/REP Forms and Payment
    • GIT/REP-4A: Waiver of Seller's Filing Requirement of GIT/REP Forms and Payment for Corrected Deed With No Consideration
    • A-3128: Claim for Refund of Estimated Gross Income Tax Payment Required
  • There is an exception to paying this tax for individual residents who are selling their current place of residence in order to obtain a new residence in the state of New Jersey.

Recording Fees

  • Record a deed, easement, or final judgment: $45 + $10 for each additional one-sided page.
    • Marginal notations: $10
  • Mortgage: $35 + $10 for each additional page.

Other Costs

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