As I was reading my August 2007 edition of New Jersey Realtor magazine I was informed about four legislative bills (A3190, A3341, A3387 and S2080) that would allow municipalities to impose their own local realty transfer fees.
In my opinion this is horrible. Why should homeowners have to pay another realty transfer fee? If passed this legislation will erode more of your home equity and provide you less money for your next home or retirement fund or _________. You fill in the blank.
To learn more about these bills you can contact Jarrod C. Grasso, NJAR's VP of Government Affairs, at (732) 494-5616 or contact your local representatives in the New Jersey Assembly or Senate.
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