09/27/2026
🏡 NJ SELLERS — this is a BIG one to watch.
New Jersey Senate Bill S4196 proposes reducing the additional seller-paid transfer fee on certain $1M+ real estate sales.
And the $1M–$2M price range is especially noteworthy:
CURRENTLY: 1%
IF S4196 PASSES: 0%
That means on a $1.5M sale, for example, that particular fee would go from $15,000 → $0. That’s a significant difference for sellers at the closing table. The bill would also reduce the rates by one percentage point in the higher price brackets.
For a $2.16M sale, the example is just as eye-opening:
$43,200 → $21,600
That’s a $21,600 potential difference.
Important: this is proposed legislation and is not currently law.
We’ll be watching S4196 closely and keeping our clients updated as it moves through Trenton. 👀🏠
The Haslett Team | Keller Williams Metropolitan