Selling your home without an agent inPrinceton, New Jersey

N.J.S.A. 56:8-19.2(a)

Beginning March 20, 2024, a New Jersey seller must use the property condition disclosure statement to disclose whether the property is in a FEMA Special or Moderate Risk Flood Hazard Area and the seller’s actual knowledge of flood risks before the purchaser is contractually obligated.

P.L. 2024, c.32, § 2(e)

When the seller is a principal in a New Jersey residential transaction, the seller must provide the brokerage firm a filled-in and signed property condition disclosure statement for the firm to obtain.

P.L. 2024, c.32, § 2(e)

In a New Jersey residential sale, a seller who is not represented by a brokerage firm and is not working with a transaction broker must give the property condition disclosure statement to the buyer before the buyer becomes obligated under a purchase contract.

NJ Division of Taxation > GIT/REP FAQ > General Information

A New Jersey real-property deed transfer or sale requires an applicable GIT/REP form to be recorded with the deed.

NJ Division of Taxation > GIT/REP FAQ > submission

The GIT/REP filing is submitted at closing with RTF-1, but the nonresident withholding and Realty Transfer Fee filings remain separate recording requirements.

NJ Division of Taxation > Graduated Percent Fee

For a covered New Jersey deed with consideration over $1 million, the seller is statutorily responsible for the RTF and supplemental Graduated Percent Fee.

NJ Division of Taxation > Graduated Percent Fee > rates

New Jersey’s current Graduated Percent Fee applies to the entire consideration at 1% over $1 million through $2 million, 2% over $2 million through $2.5 million, 2.5% over $2.5 million through $3 million, 3% over $3 million through $3.5 million, and 3.5% over $3.5 million.

NJ Division of Taxation > Realty Transfer Fee

New Jersey imposes the Realty Transfer Fee on the seller when the deed for a real-property sale is recorded, generally using deed consideration or the stated assessed-value method.

NJ Division of Taxation > Realty Transfer Fee > exemptions

The RTF generally applies to New Jersey title conveyances unless an exemption applies, and a seller claiming a full or partial exemption must file Form RTF-1 with the deed.

NJ Division of Taxation > GIT/REP FAQ > nonresident

A nonresident individual, estate, or trust selling New Jersey real property must use GIT/REP-1 at closing or GIT/REP-2 before closing to record the deed unless a listed GIT/REP-3 seller assurance applies.

NJ Division of Taxation > GIT/REP FAQ > withholding calculation

New Jersey’s current nonresident real-property estimated payment uses the highest Gross Income Tax rate times seller gain but cannot be less than 2% of consideration; 2% is a floor, not a cap.

42 U.S.C. § 4851b(27)

Federal lead-disclosure law generally defines target housing as housing constructed before 1978, subject to the statutory elderly, disability, zero-bedroom, child-occupancy, and jurisdiction-specific exceptions.

42 U.S.C. § 4852d(a)(1)(B)

Before a purchaser or lessee is contractually obligated for target housing, the seller or lessor must disclose known lead-based paint or hazards and provide available lead-hazard evaluation reports.

42 U.S.C. § 4852d(a)(1)(C)

For a target-housing sale, the seller must permit the purchaser a 10-day lead risk-assessment or inspection period unless the parties mutually agree to a different period.

N.J.S.A. 52:27D-133.3(a)

For a change of occupancy in a dwelling unit in a building with fewer than three units where a municipal compliance certificate is required, the certificate cannot issue until the authority determines that the unit has qualifying carbon-monoxide devices or no potential carbon-monoxide hazard.

N.J.S.A. 52:27D-133.3(b)

When the municipal route does not apply, a New Jersey owner may not sell or permit residential occupancy of a dwelling unit in a building with fewer than three units without first obtaining the Uniform Fire Safety Act carbon-monoxide certificate.

N.J.S.A. 52:27D-133.3(e)

An owner who sells or permits occupancy without § 52:27D-133.3 compliance is subject to a fine of up to $100 enforced by the local agency.

N.J.S.A. 52:27D-198.1

A New Jersey residential structure used by no more than two households must have a smoke alarm on every level and outside each separate sleeping area as specified by § 198.1.

N.J.S.A. 52:27D-198.1

A covered New Jersey structure with a secondary power source must have the statutory warning label within 18 inches of both the main electrical panel and electrical meter.

N.J.S.A. 52:27D-198.2(a)

When local law already requires an occupancy, inspection, or similar compliance certificate for a covered New Jersey change of occupancy, that certificate cannot issue until the municipal authority determines smoke-alarm compliance.

N.J.S.A. 52:27D-198.2(b)

For a specified foreclosure, forfeiture, or federal-agency purchase involving rehabilitation that requires a new certificate of occupancy, a purchaser who did not obtain the ordinary compliance certificate must obtain the necessary certificates before occupancy.

N.J.S.A. 52:27D-198.2(b)

If the local-certificate route does not apply, a New Jersey owner may not sell or permit residential occupancy of a covered building without first obtaining the Uniform Fire Safety Act compliance certificate.

N.J.S.A. 52:27D-198.2(b)

A qualifying rehabilitation transfer requiring a new certificate of occupancy is exempt from the ordinary § 198.2 certificate route, but occupancy remains barred until the appropriate certificate is obtained.

N.J.S.A. 52:27D-198.3

A covered New Jersey owner who sells or permits occupancy without smoke-alarm or inspection-and-certification compliance is subject to a local-enforcement fine of up to $500.

N.J.S.A. 58:12A-27(a)

A New Jersey contract to sell property supplied by a covered private or small potable well must require testing of that water supply as a condition of sale.

N.J.S.A. 58:12A-27(b)

For a New Jersey sale subject to the Private Well Testing Act, title may not close until buyer and seller have received and reviewed the water-test results; at closing both must certify that receipt and review in writing.

Affordable Housing Sales Program > Homeownership Process

Applies in Princeton

Princeton states that every affordable-housing unit in its program is deed-restricted.

Affordable Housing Sales Program > Household Certification

Applies in Princeton

Before a household can buy a Princeton affordable unit, the Municipal Housing Liaison must certify it as eligible.

Affordable Housing Sales Program > overview

Applies in Princeton

For a Princeton municipal affordable-housing sale, closing cannot occur until the Municipal Housing Liaison approves both the buyer and sales price.

Bureau of Fire Safety > Obtaining Certificates

Applies in Princeton

For a one- or two-family dwelling that requires the smoke, carbon-monoxide, and kitchen-fire-extinguisher certificate for sale or occupancy change, Princeton inspects before issuing the certificate.

Illicit Connections > certificate fee

Applies in Princeton

Current Princeton guidance lists a twenty-dollar online fee for the sewer compliance certificate.

Illicit Connections > opening rule

Applies in Princeton

Princeton prohibits direct or indirect sanitary-sewer connections for sump pumps, roof drains, and area drains.

Illicit Connections > transfer certificate

Applies in Princeton

Before title transfers for Princeton real property containing a building with a sump pump, roof drain, or area drain, the owner must obtain a Sewer Department compliance certificate.

Princeton Code § T5A.1-11

Applies in Princeton

Princeton requires a construction records clearance before the sale of a residential or commercial structure unless a codified exception applies.

Princeton Code § T5A.1-12(a)

Applies in Princeton

A title transfer that corrects a previously recorded deed is exempt from the Princeton CRC requirement.

Princeton Code § T5A.1-12(b)

Applies in Princeton

Title eligible to be recorded as an ancient deed is exempt from the Princeton CRC requirement.

Princeton Code § T5A.1-12(c)

Applies in Princeton

The Princeton CRC rule exempts the described interspousal transfers and former-spouse transfers incident to a court order or judgment.

Princeton Code § T5A.1-12(d)

Applies in Princeton

A title transfer involving new construction for which a certificate of occupancy is required is exempt from the CRC rule.

Princeton Code § T5A.1-12(e)

Applies in Princeton

The CRC rule exempts the estate-distribution transfer described in § T5A.1-12(e).

Princeton Code § T5A.1-12(f)

Applies in Princeton

The CRC rule exempts the described title transfer connected to refinancing, home-equity loans, or second mortgages.

Princeton Code § T5A.1-12(g)

Applies in Princeton

The CRC rule exempts the bankruptcy, liquidation, or creditor-assignment fiduciary transfer described in § T5A.1-12(g).

Princeton Code § T5A.1-12(h)

Applies in Princeton

Residential rentals are listed as an exception to the CRC rule.

Princeton Code § T5A.1-13(a)

Applies in Princeton

An owner may not permit a covered residential or commercial sale unless the required CRC has issued.

Princeton Code § T5A.1-13(a)

Applies in Princeton

A purchaser may not occupy covered premises until the required CRC has issued.

Princeton Code § T5A.1-13(a)

Applies in Princeton

The owner or authorized agent must submit the municipal CRC application and fees at least 10 business days before the covered ownership or occupancy change.

Princeton Code § T5A.1-13(b)

Applies in Princeton

Before issuing a CRC, Princeton conducts a records inspection for open construction permits on the premises.

Princeton Code § T5A.1-13(b)

Applies in Princeton

If the records review finds open permits, all final inspections and prior approvals must be obtained and the appropriate Uniform Construction Code certificates issued before Princeton issues the CRC.

Princeton Code § T5A.1-15

Applies in Princeton

A conviction for violating the CRC article can carry the stated maximum fine, imprisonment, community service, or a combination.

Princeton Code § T5A.1-16(a)

Applies in Princeton

CRC issuance does not prevent penalties if construction-code violations are later discovered.

Princeton Code § T5A.1-16(b)

Applies in Princeton

A Princeton CRC is valid for six months from issuance unless occupancy changes, and it must be renewed for each occupancy change.

Selling Your Home > Bureau of Fire Safety

Applies in Princeton

If a building will be demolished or renovated without a change in occupancy, Princeton says the Fire Bureau will provide a letter stating that no smoke-detector certificate is required.

Selling Your Home > Required Items

Applies in Princeton

Princeton tells most home sellers to complete three local transfer lanes: fire compliance, construction-records clearance, and sewer certification.