Seller’s Closing Costs

Plan around your net proceeds, not just the sale price

What you keep from a sale depends on your loan payoff, agreed selling costs, applicable transfer fees, credits and closing adjustments. Start with an estimated net proceeds statement, then update it when your price, contract terms and closing date are known. An estimate is not a final settlement statement.

Costs to include in your estimate

• Broker compensation: Use the amount and services in your signed agreement. Compensation is negotiable; there is no legally required commission rate. Include any buyer broker compensation or seller concession you separately agree to, without counting the same amount twice.
• Loan and lien payoffs: Obtain current payoff statements, including accrued interest and applicable release charges. An online mortgage balance may differ from the amount required on the closing date.
• Professional and closing services: Request written quotes from your attorney and settlement provider. Confirm who pays each title, recording, municipal, association or document fee under your contract.
• Repairs and credits: Distinguish work you choose before listing from credits or repairs negotiated in the sale contract. Keep a separate moving and preparation budget.
• Adjustments: Review property taxes, utilities, association charges and other prorations with your closing team. The closing date and amounts already paid can change the credits and debits.

New Jersey transfer fees

New Jersey generally imposes the Realty Transfer Fee on the seller when a deed is recorded, unless an exemption applies. Its calculation follows state schedules and is separate from the Graduated Percent Fee below. Ask your attorney or settlement provider to calculate your transaction using the current official New Jersey schedules and confirm any exemption.

For qualifying transfers with consideration above $1 million, a separate Graduated Percent Fee also applies. The seller is legally responsible. Under the rules effective July 10, 2025, the rate applies to the entire consideration, not just the part above a threshold:

• More than $1 million through $2 million: 1%.
• More than $2 million through $2.5 million: 2%.
• More than $2.5 million through $3 million: 2.5%.
• More than $3 million through $3.5 million: 3%.
• More than $3.5 million: 3.5%.

For example, on a qualifying $2.75 million transfer, this separate fee is $68,750, in addition to the standard Realty Transfer Fee and other closing costs. Property classifications and exemptions matter. Have your closing team confirm the rules for your deed before relying on an estimate. See the official Graduated Percent Fee notice.

Build your sale estimate

Prepare your expected price, loan payoff, signed compensation terms, likely credits and target closing date. If you are still choosing an asking price, our home pricing guide explains how comparable sales can help.

Your attorney and settlement provider should confirm transaction-specific fees and the final closing statement. This guide provides general planning information, not individualized legal or tax advice.

Compare selling options by what you keep

A cash offer and a market listing can have different prices, costs, conditions and timelines. Compare written terms and estimated net proceeds, not just the headline offer. If an alternative sale fits your plans, request a cash offer review. An inquiry is not a guaranteed offer or closing date.

Ask about your selling plan

Tell GT Luxury Group about your property, timing and questions. Use the form below for a selling inquiry; submitting it does not book an appointment. First name, email, message, submitter type and permission to handle the inquiry are required. Phone and marketing consent are optional.

We proudly serve the following New Jersey counties

Bergen County | Essex County | Hudson County | Morris County | Passaic County | Sussex County | Union County

At GT Luxury Group

Clear expectations matter. Ask us to explain the services, compensation and cancellation terms in your proposed listing agreement before you sign. Any cancellation rights or fees depend on that agreement.

Continue planning your sale: Selling a Home: Start to Finish · Preparing for Showings · Choosing Home Improvements