What LBI Sellers Need To Know

Dated: 04/30/2014

Views: 2295

KNOW YOUR NUMBERS - If you are planning to sell your vacation home or just want to know its current value a Comparative Market Analysis is what you need.  Every house on Long Beach Island is different.  Your price will not have anything to do with your neighbors across the street.  A "comp" is a personalized market analysis of your home and its amenities, neighborhood, age, improvements, location and lot size.  All must be considered and included.  If you would like an up to the date CMA on your property contact me, and I will prepare a complete package for you.
Fees can and may vary depending on the actual negotiations.  Here are some you can expect.
Realtors Fees:  These will be based on the percent you are paying your sales agent per you listing agreement
Transfer Tax:  This is a tax based on the sale price of the property.  Approximately about 1%
Out of State Resident Tax:  If you live out of state there New Jersey will tax you another 2%
Certificate of Occupancy:  Is included in sellers cost and  is about $150 - $200
Your accountant or tax preparer can give you a better idea of the exact figures after you have your purchase agreement.

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Michael Krivacs

I grew up in Beach Haven on Long Beach Island and graduated from The American University with a BS in Business Administration. While in college I met my wife Holly. After school I worked as a Wage ....

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