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 clients budget accurately for transactions countless times. In this balanced market as of January 2026 (median prices around $433,000-$440,000), understanding taxes and fees prevents surprises at closing. New Jersey divides most costs clearly between buyers and sellers, with local New Brunswick requirements adding specifics.
Seller-Paid Taxes and Fees (typically 6-10% of sale price):
- Realty Transfer Fee (RTF): Paid by the seller on all transfers. Base rate is graduated (roughly $2-$7.65 per $500 of consideration, totaling ~0.8-1% for most homes under $1M). For a median $440,000 home, expect ~$3,000-$4,500.
- Graduated Percent Fee (formerly "Mansion Tax"): Since July 2025 changes, fully seller-paid on sales over $1M: 1% ($1M-$2M), escalating to 3.5% ($3.5M+). Rare in New Brunswick's median range.
- Certificate of Continued Occupancy (CCO): New Brunswick requires this municipal inspection before closing. Seller pays the ~$200 application/inspection fee, plus any repair costs for code issues (smoke detectors, etc.).
- Attorney Fees: $1,000-$2,000 for contract review and closing.
- Title Insurance (Owner's Policy): Often seller-paid in NJ, ~$2,000-$3,000.
- Prorated Property Taxes: Seller covers up to closing date.
- Other: Recording fees, potential concessions/repairs.
Buyer-Paid Taxes and Fees (typically 2-5% of purchase price):
- Mortgage-Related: Origination fees, appraisal, credit report (if financing).
- Title Insurance (Lender's Policy) & Search: Buyer usually pays.
- Attorney Fees: $1,000-$2,000 (NJ standard).
- Recording Fees: For mortgage/deed.
- Prorated Taxes/Adjustments: Buyer covers post-closing.
- No state transfer tax beyond seller's RTF; no buyer "mansion tax" since 2025 shift.
Commissions (5-6%, negotiable) are seller-paid but separate from closing costs. At Tverdov Housing, we provide detailed net sheets and connect with attorneys/title experts to minimize fees.
For Central Jersey insights, check The New Jersey Real Estate Investor podcast.
Buying or selling in New Brunswick? Contact Tverdov Housing—we'll break down your exact costs with local precision.
