When real estate changes hands in New Jersey, certain disclosures must be made by the seller. The buyer has a legal right to understand what they’re buying, and any material defects will need to be disclosed in advance. It is important to note that a seller only has...
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Real Estate Transactions
Do you need representation in New Jersey real estate deals?
Buying or selling real estate is always an exciting milestone, but it often comes with a fair share of questions and concerns. For instance, since many states now require legal representation for real estate transactions, you may wonder if it is a requirement in New...
Is the inclusion of 2 title insurance premiums a document error?
People preparing for a real estate transaction need to go over their paperwork carefully. Frequently, buyers don't spend much time reviewing deeds or mortgage notes prior to signing them. However, they may look over the details included on their final financial...
Should you include contingency clauses in your offer?
Some things in life provide the "you'll know it when you see it" feeling. Just ask any woman who has shopped for a wedding dress. You also get that sensation when you find the perfect house. It's hard to contain your excitement when making an offer, but it's...
Why put finance contingencies in a house purchase contract?
It can take a long time to find a house you like in an area you like that is also within your budget. Once you find one, you may be keen to sign on the line and make it yours before someone else makes it theirs. Before you proceed, it is important to double-check...
When can you get your earnest money back?
If you’ve ever been involved in buying a home, you’ve probably heard about earnest money – which is basically a good-faith deposit that you put down to show the seller that you’re serious about your offer. Depending upon your market (and how much of a competitive...
Inaccurate paperwork can derail a real estate transaction
Buying a home is an exciting journey, but it is also associated with a mountain of daunting paperwork and legal responsibilities. In New Jersey, real estate transactions are regulated by strict laws, and making sure that all paperwork is accurate and complete is...
Common title disputes in New Jersey real estate transactions
As you likely recognize, real estate transactions in New Jersey can be complex. If a title dispute arises, the complexities can increase. These disputes can delay or even derail a transaction, making it crucial to understand potential title disputes and how to address...
Is a title search necessary when buying a home?
Conducting a title search is one of the most important steps when buying a home. You don’t want unpleasant surprises after purchasing the property, such as unresolved ownership claims, boundary disputes, unpaid taxes or liens. A title search involves examining public...
Buying a house? Do not be fooled by home staging
Home staging involves decorating a property to make it more appealing to potential buyers. Professional stagers use furniture, artwork and accessories to create a welcoming atmosphere and highlight the home’s best features to would-be buyers It’s easy to get...