Welcome to your daily briefing on real estate developments in New Jersey. Today we're covering 8 key stories including updates on new jersey real estate headlines, background & context. Let's dive in.
5 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.
Free access to property records and maps for all of New Jersey only in any Ocean County Library location. Services include statewide ownership & assessment data, historical records (1989-current), geo-referenced tax maps, zoning maps,….
Relevant to real estate professionals operating in NJ.
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.
Discover the average real estate commission rates in New Jersey, factors affecting them, and strategies for agents to optimize earnings. Stay informed on legal changes and market trends.
Relevant to real estate professionals operating in NJ.
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Relevant to real estate professionals operating in NJ.
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3 stories
A 1031 like-kind exchange has three hard clocks: the 45-day identification window, the 180-day close window, and the same-taxpayer rule (the entity selling and buying must match). Missing any one of these collapses the deferral, exposing the full gain to tax. The most-missed is the same-taxpayer rule when LLCs change membership mid-exchange.
The tax exposure on a busted exchange is the full long-term capital gain plus depreciation recapture — often 25-30% of the basis difference. Process discipline is the only protection.
The most-rejected permit applications fail on documentation completeness, not project merit. A reliable pre-submission check covers four things: (1) parcel zoning matches intended use, (2) setback dimensions match the survey, (3) any required HOA or design-review sign-off is attached, (4) contractor license number is valid and unrestricted in the issuing jurisdiction.
Permit re-submission resets the queue clock in most NJ jurisdictions, adding 2-6 weeks to a project. Catching documentation gaps before submission is the cheapest schedule recovery tool an owner has.
Beyond the standard CC&Rs, four documents predict future assessment risk: the reserve study (is the association underfunded?), the most recent two annual budgets, the delinquency report (what % of owners are behind?), and any pending litigation. A reserve-study funding ratio below 30% is a yellow flag; below 10% is red.
Special assessments in underfunded associations routinely run $10K-$50K per unit and arrive with little notice. The reserve study is a legally required disclosure in most states — but most buyers never ask for it.
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