Short Answer
Seller closing costs typically total 6% to 10% of the sale price. The largest cost is the real estate commission (typically 5% to 6% split between the buyer's and seller's agents). Other costs include the New Jersey transfer tax, attorney fees, title insurance, any agreed-upon seller credits, and prorated property taxes. On a $400,000 sale, you might net $360,000 to $376,000 after costs.
The real estate commission is usually the biggest line item for sellers, totaling 5% to 6% of the sale price. In New Jersey, the seller typically pays both the listing agent and the buyer's agent commission. The state transfer tax in New Jersey is roughly $4.29 per $500 of the sale price for properties under $150,000 and $5.47 per $500 above that, plus a county tax of $0.50 per $500. There is also a 1% NJ realty transfer fee on properties over $1 million. Sellers often pay for title insurance for the buyer, attorney fees ($1,500 to $3,500), and any seller credits negotiated in the contract, such as covering a portion of the buyer's closing costs or a home warranty. These costs are deducted from the proceeds at closing, so you do not need to bring cash to the table. Your agent should provide a net sheet estimate before you list so you know what to expect.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
Many sellers are surprised by how much goes to closing costs. I provide every seller with a detailed net sheet before we list, so there are no surprises. I want you to know exactly what you will walk away with, not just the sale price. If you are thinking about selling, let us run the numbers together so you can make an informed decision about your next move.
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