Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Buyer's Approximate Closing Costs Legal and Title Costs
1) Attorney Fee $750 - $1,100
2) Survey (Condo $150 to $250) $450 - $800
3) Recording Fees with Mortgage and Deed $200 - $300
4) Title Searches/Title Policy Endorsements $250 - $500
5) Title Insurance Premium - see schedule below(NJ Rates for Title Insurance) Mortgage Costs
6) Application Fee - (Includes credit report & appraisal $300-$600
7) Appraisal $ 300 - $500
8) Miscellaneous Mortgage Costs $100 - $600
9) PMI (Private Mortgage Insurance)-often required if mortgage is more than 80% of purchase price
10) Points - Fee paid to lender to "buy-down" interest rate on mortgage. One point on $100,000 mortgage equals $1,000. Inspection Costs
11) Home inspection $300 - $650
Radon Inspection $60 - $300
Wood Destroying Insect Inspection/Certification $60- $150
Septic Inspection (if applicable) $450 - $750
Oil Tank Inspection (if applicable) $250 - 350
12) Homeowner's Insurance - 1 year premium $400 - $900
13) Flood Insurance (if applicable) $750 - $2,000
14) Prepaid Tax Adjustment $____ - $_______
15) Mansion Tax when Zoned for Residential Use - 1% of Consideration when Sales Price is Over $1,000,000 *These figures are general guidelines to aid buyers in calculating their closing costs. The figures are based on estimates of New Jersey fees and are subject to errors and omissions and change without prior notice. 8/2004
| Amount |
Basic |
Reissue |
| $50,000.00 |
$262.50 |
$212.50 |
| $75,000.00 |
$393.75 |
$318.75 |
| $100,000.00 |
$525.00 |
$425.00 |
| $125,000.00 |
$625.00 |
$506.25 |
| $150,000.00 |
$725.00 |
$587.50 |
| $175,000.00 |
$825.00 |
$668.75 |
| $200,000.00 |
$925.00 |
$750.00 |
| $225,000.00 |
$1,025.00 |
$831.25 |
| $250,000.00 |
$1,125.00 |
$912.50 |
| $275,000.00 |
$1,225.00 |
$993.75 |
| $300,000.00 |
$1,325.00 |
$1,075.00 |
| $325,000.00 |
$1,425.00 |
$1,156.25 |
| $350,000.00 |
$1,525.00 |
$1,237.50 |
| $375,000.00 |
$1,625.00 |
$1,318.75 |
| $400,000.00 |
$1,725.00 |
$1,400.00 |
| $425,000.00 |
$1,825.00 |
$1,481.00 |
| $450,000.00 |
$1,925.00 |
$1,562.50 |
| $475,000.00 |
$2,025.00 |
$1,643.75 |
| $500,000.00 |
$2,125.00 |
$1,725.00 |
| $525,000.00 |
$2,193.75 |
$1,781.25 |
| $550,000.00 |
$2,262.50 |
$1,837.50 |
| $575,000.00 |
$2,331.25 |
$1,893.75 |
| $600,000.00 |
$2,400.00 |
$1,950.00 |
| $625,000.00 |
$2,468.75 |
$2,006.25 |
| $650,000.00 |
$2,537.50 |
$2,062.50 |
| $675,000.00 |
$2,606.25 |
$2,118.75 |
| $700,000.00 |
$2,675.25 |
$2,175.00 |
| $725,000.00 |
$2,743.75 |
$2,231.25 |
| $750,000.00 |
$2,812.50 |
$2,287.50 |
| $775,000.00 |
$2,881.25 |
$2,343.75 |
| $800,000.00 |
$2,950.00 |
$2,400.00 |
| $825,000.00 |
$3,018.75 |
$2,456.25 |
| $850,000.00 |
$3,087.50 |
$2,512.50 |
| $875,000.00 |
$3,156.25 |
$2,568.75 |
| $900,000.00 |
$3,225.00 |
$2,625.00 |
| $950,000.00 |
$3,362.50 |
$2,737.50 |
| $1,000,000.00 |
$3,500.00 |
$2,850.00 |
| $1,125,000.00 |
$3,843.75 |
$3,131.25 |
| $1,250,000.00 |
$4,187.00 |
$3,412.50 |
| $1,500,000.00 |
$4,875.00 |
$3,975.00 |
| $1,725,000.00 |
$5,493.75 |
$4,481.25 |
| $2,000,000.00 |
$6,250.00 |
$5,100.00 |
| $2,500,000.00 |
$7,375.00 |
$6,100.00 |
| $3,000,000.00 |
$8,500.00 |
$7,100.00 |
| $4,000,000.00 |
$10,750.00 |
$9,100.00 |
| $5,000,000.00 |
$13,000.00 |
$11,100.00 | 
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First Time Buyers >A Realistic Evaluation
Your real estate agent's job is to find you the perfect home, in the right location, with all the amenities you want--and at the right price. It is the home inspector's job to find any skeletons in the closet -- or in the plumbing, wiring, roof, basement and beams.
The inspector won't pass or fail a home based on what he or she finds, but will go over the house thoroughly to help you understand the condition of the property you are buying. If there are any serious problems, your inspector can give you a realistic idea of how much the repairs will cost. If there are material defects that were not reflected in the asking price, you will have the opportunity to re-open negotiations with your sellers before you commit to the purchase. A good inspector will also explain the operation of the basic emergency systems such as the main water cut off valve and the circuit breaker box, and will go over items that will need routine maintenance.
If you are buying a house, we recommend that you make a professional home inspector part of your home purchase team.
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| Q |
What is the mysterious American island whose private owners are intent on preserving the ways of early island life?
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| A |
The Robinson Family, owners of Niihau, Hawaii, have done everything in their power to preserve traditional ways. |
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