Congrats David.
I know it's been a long time coming.

We need to get the boys together for a farewell herf.

jespear wrote:

Opps, almost forgot about the NJ "Exit" Tax. At settlement, the state withholds a percentage of the sale price of the home. You then have to file a non-resident NJ state tax return the following year to get the money back. The problem is, many folk don't know to, or forget to file, and the state ends up keeping their money.
David

Mrs. dpnewell wrote:

South......land of the free.You're gonna love Texas,hopefully the northwest part so we's can herf.

Whistlebritches wrote:

How much are they holding back on you and what will you have to do to to get it back?

rfenst wrote:

Robert,
I don't remember the exact numbers, but it's something like 5% of the gross sale or 10% of anticipated profit. The state claims that it's to keep folks from leaving the state while still owning taxes. The only way I can get it back is to file a non-resident tax return next year. Most folk fail to file the return, but I sure won't. Anyhow, I get the privilege of giving the state an interest free loan for close to a year.

Mrs. dpnewell wrote:

Congrats on the sale and the move south. I parted ways with NY 14 years ago and have never looked back - welcome to Mayberry.

My brother stayed in NY (LI) and is paying over 10 times what I pay for taxes - houses are comparable in size but he faces a state roadway and I face a lake. His may be worth more but I could never justify the tax burden

madspackler wrote:

Congrats..!! 🤣

DrafterX wrote:

you have been very patient and this is well deserved...

didn't President A. Hamilton cross the Delaware?

frankj1 wrote:

Frankie, you be gud wif wurds but not so stellar wid numbahs or history. 🤦








[jester]

Palama wrote:

Just under 3 weeks till settlement. All buyer requested repairs have been done and approved. Appraisal came back great. Radon testing results where excellent. Just waiting on township exterior inspection, fire inspection and COs.

We've been trying to get out of Jersey for 20 years, but there was always one thing or another that kept us here. I can't believe this is actually happening. I can't wait until we cross over the Delaware Memorial Bridge for the last time, and say goodbye to Jersey forever.

David

Mrs. dpnewell wrote:

you have been very patient and this is well deserved...

didn't President A. Hamilton cross the Delaware?

frankj1 wrote:

you have been very patient and this is well deserved...

didn't President George Hamilton cross the Delaware?

frankj1 wrote: