Mansion Tax 2024: What Realtors & Sellers MUST Know Before July 10th!
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🎥 In this must-watch video, top NJ Realtor Megan O’Brien breaks down the major changes to New Jersey’s mansion tax and how they impact both luxury sellers and real estate professionals. Whether you're a Realtor, homeowner, or investor this update could cost you tens of thousands of dollars if you're not prepared.
📅 Effective July 10, 2024, the mansion tax burden shifts from buyers to sellers, with rates as high as 3.5% for homes over $3.5M. Megan covers:
✅ The history of NJ realty transfer & mansion taxes
✅ What’s changing and WHY it matters
✅ The exact tax percentages by price bracket
✅ How it affects the average home in Bergen County
✅ Why agents must act NOW to protect clients
✅ The critical role of RPAC advocacy
✅ How to have tough conversations with sellers (including scripting tips!)
✅ Why REALTORS must be advocates not just news reporters
🔔 Don't wait if your listings are over $1M, this is a game-changing update you need to share with your team and clients TODAY.
👇 Drop your questions for Megan in the comments, and don’t forget to subscribe for more expert real estate content.
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