A straight read on how ready the property is, what could slow the sale, and what you might walk away with. Your result appears right away.
Tools / Net proceeds
What you could walk away with.
Enter a sale price and your payoff. The estimate applies the NJ Realty Transfer Fee and, over $1 million, the Graduated Percent Fee that sellers now pay.
The NJ rules and costs that surprise sellers most. Plain English, with sources.
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Sellers pay the NJ transfer fees
The NJ Realty Transfer Fee is charged to the seller at closing on a sliding scale. Since July 10, 2025, sellers also pay the Graduated Percent Fee on sales over $1 million: 1% up to $2 million, rising in steps to 3.5% above $3.5 million, on the full price.
Since March 20, 2024, NJ sellers must disclose known flood risk and flood history on the updated Seller's Property Condition Disclosure Statement. Check the address with the state's flood risk tool before you list.
Under NJ's 2024 condo and co-op law, buyers' attorneys ask for the reserve study and structural inspection status. If the association uses the 85% funding option, sellers must give buyers its latest notice before the contract is signed.
If you are not an NJ resident when you close, an estimated income tax payment is collected at closing: the higher of 2% of the price or the gain times the top NJ rate. It is a prepayment, not necessarily your final tax.
Start with the price, then subtract your mortgage payoff, commission, the NJ Realty Transfer Fee, attorney fees and any credits or repairs. The calculator above does this line by line. It is an estimate; your attorney prepares the final settlement figures.
Who pays the transfer fees when I sell in New Jersey?
The seller pays the Realty Transfer Fee. Since July 10, 2025, the seller also pays the Graduated Percent Fee on sales over $1 million, a fee buyers used to pay. Confirm with your attorney.
What documents does a condo or co-op seller need?
Expect to provide the association's resale certificate or document package, recent financials and budget, the rules, and information on any special assessments. Buyers also ask about the reserve study and structural inspection. Order the association package early, because it can take time.
Do I owe tax on the gain?
If it was your main home for 2 of the last 5 years, up to $250,000 of gain ($500,000 on a joint return) may be excluded under federal rules (IRS Publication 523). Rentals and second homes follow different rules. Ask your CPA.
Should I fix things before listing?
Usually the small things: paint, lighting, leaks, sticking doors and a deep clean. Big renovations rarely pay back in full right before a sale. Shpresa can walk through and tell you honestly what is worth doing.
Is my quiz data saved?
Your answers stay in this browser on your device, so you can pick up where you left off. Nothing is sent to anyone unless you choose to email your plan or ask a question. Start over clears your answers.
You work directly with Shpresa, backed by The Tony Nabhan Collective at Keller Williams City Views Realty. Calculators and quizzes are planning guides, not legal, tax or lending advice.