As the founder and broker of Tverdov Housing, with over a decade specializing in New Brunswick's real estate—particularly multi-family and investment properties near Rutgers University—I've helped sellers navigate closing costs countless times. In this balanced market as of January 2026 (median prices around $433,000-$440,000), understanding your expenses upfront ensures maximum net proceeds.
Sellers in New Jersey, including New Brunswick, typically pay 6-10% of the sale price in total costs, with real estate commissions being the largest portion. Here's a breakdown based on current standards:
- Real Estate Commissions: The biggest expense, averaging 5-6% of the sale price (often 2.5-3% each for listing and buyer's agents). Post-2024 NAR changes, these are fully negotiable—many sellers still offer buyer agent compensation to attract offers. On a $440,000 home, expect $22,000-$26,400. At Tverdov Housing, we structure competitive rates while delivering full-service marketing.
- New Jersey Realty Transfer Fee (RTF): Paid by the seller, this graduated tax is roughly 0.8-1% for most homes (calculated as $2-$6.05 per $500 of consideration). For a $440,000 sale, it's about $3,500-$4,500. No additional "mansion tax" unless over $1M (then tiered 1-3.5% on excess, now seller-paid since 2025 changes).
- Attorney Fees: New Jersey requires real estate attorneys; sellers typically pay $1,000-$2,000 for review, contract prep, and closing attendance.
- Certificate of Continued Occupancy (CCO): Unique to New Brunswick and many NJ towns, this municipal inspection ensures code compliance (smoke detectors, fire extinguishers, etc.). Sellers pay the inspection fee (typically $100-$300, plus repair costs if issues arise—often minor but can add $500+).
- Title Insurance (Owner's Policy): Often paid by the seller in NJ, costing 0.5-1% (~$2,000-$3,000 for median home).
- Prorated Property Taxes & Adjustments: You pay taxes up to closing date; prorated with buyer.
- Other Potential Costs: Repairs/concessions from inspections (~$1,000-$5,000 average), staging/marketing (if needed), or minor recording/notary fees ($100-$500).
Total non-commission closing costs: 2-4% ($8,800-$17,600 on $440k). Strategies like pre-inspections minimize surprises.
For Central Jersey insights, check The New Jersey Real Estate Investor podcast.
Planning to sell? Contact Tverdov Housing for a free net proceeds estimate—we'll minimize your costs and maximize your return in New Brunswick's market.
