Welcome to your daily briefing on real estate developments in New Jersey. Today we're covering 7 key stories including updates on new jersey real estate headlines, background & context. Let's dive in.
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4 stories
Click Here to Begin Searching The property records of the Camden County Clerk’s Office, from 1978 to present, are now available online. This online database is updated nightly and can be ... More.
Relevant to real estate professionals operating in NJ.
Ocean County Library provides free access to New Jersey statewide ownership data, historical records, geo-referenced tax maps, and zoning information.
Real estate professionals in NJ can leverage these comprehensive property reports and GIS tools for accurate due diligence and market analysis.
Agents get paid via commission, usually a percentage of the home's sale price. Here, we explain how how much they make — and who pays.
Relevant to real estate professionals operating in NJ.
This guide explores the average commission rates in New Jersey, the factors influencing them, and strategies for agents to optimize their earnings while staying informed on legal changes.
New Jersey real estate professionals can use this information to better understand market trends and legal landscapes that directly impact their commission structures and career strategy.
Reach real estate professionals in this market
3 stories
Even after a clean title commitment, four issues commonly surface post-close: undisclosed easements (often utility), boundary discrepancies between deed and survey, unreleased mortgages from prior owners, and mechanic's liens filed within the lookback window. Owner's title insurance covers most of these; lender's policy alone does not.
The cost difference between owner's and lender's title insurance is one-time and small; the cost of resolving a title defect without owner's coverage is often five figures.
Most NJ jurisdictions allow appeals in a narrow annual window after assessments mail. The strongest appeals lead with three comparable sales from within 6 months and a half-mile radius, and explicitly address why the subject differs from the assessor's comp set — typically condition, location, or improvements that were over-counted.
Successful appeals reduce the assessed value for the appeal year and often reset the baseline for future years. Even a 10% reduction compounds over a decade of ownership.
Some NJ jurisdictions give the foreclosed owner a statutory right to redeem the property within a window after the sale (often 6-12 months). Buyers at foreclosure auctions in those jurisdictions take title subject to redemption — meaning the prior owner can reclaim the property by paying the auction price plus interest. Title insurance does not cover this exposure.
A redeemed property is returned to the prior owner, not refunded with the original purchase price plus appreciation. Auction buyers in redemption-rights states need to hold capital reserves for the entire window.
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