orly chen – bergen county's premier real estate agent

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“It's very important that you know what fees are involved when you sit
down to close a real estate deal in Bergen County – keep an open eye.”

Bergen County, NJ Real Estate Closing Costs

Closing costs are the fees that accompany the purchase or sale of a home. Some fees are strictly the designated responsibility of the buyer or the seller, while the responsibility for other costs may be negotiated among the parties, or divided according to New Jersey custom. A real estate professional like Orly Chen can let you know what to expect, and where you room to negotiate the costing costs.

Buyer Closing Costs

Closing costs for a home typically run two to four percent of the purchase price, with loan fees charged by the lender usually being the costliest fee. The following is a list of costs the homebuyer can typically expect to pay in New Jersey. Some closing costs, like the home inspection, will be paid only once. Other costs, such as insurance premiums, will be paid on a recurring basis. While all these fees are considered “closing” costs, some of the fees, such as the loan application items, will be paid in advance of the actual closing date.
Down payment
Loan fees (points, application fee, credit report)
Prepaid interest
Home inspection fees
Appraisal cost
Mortgage insurance (typically 1 years premium plus an escrow of 2 months)
Hazard insurance (typically 1 years premium plus an escrow of 2 months)
Title insurance
State, county or city transfer taxes
Attorney fees
Courier/delivery service

Seller Closing Costs

The chief closing concern for sellers is paying off the remaining balance of their loan, if one still exists. This balance must be paid at the closing before the seller can receive any proceeds from the home sale. Other costs the seller may typically encounter include:
Broker's commission
Local property transfer tax; county transfer tax, state transfer tax, state capital gains tax.
Mortgage release verification
Courier/delivery service
Attorney’s fee
Title insurance
Property taxes (prorated)

About Orly Chen

  Orly Chen is a leading
Tenafly real estate agent
in Northern New Jersey
specializing in the Bergen
County area. Her
outgoing personality,
honesty and
approachability and
integrity make Orly
one of the most sought-
after agents in the
Northern New Jersey
real estate market


What People Say About Orly

  Avi Gilor
"Her personal service and touch, in addition to the ongoing attention and care can only be described as overwhelming." Read more...
  Keren Ceder-Franco
"Orly took the time to listen to our needs and did very thorough research to find the right deal for us." Read more...
  Avi Lavon
"Orly is both very professional and personable. She clearly takes pride in doing a good job."
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