Contingency clauses are often used when people make an offer on a home. A potential buyer will put different stipulations on that offer. These have to be met in order for the offer to stand. An example of this is when there is a contingency regarding a home...
We Understand The Ins And Outs Of Real Estate Law
Real Estate Transactions
2 things you need to pay attention to during a title search
When you find your dream home and resolve to purchase it, you need to get everything right from the word go. After all, you are looking for a sanctuary for your family. But before signing the sale agreement, it is in your best interest that you exercise certain due...
Should you buy a home with a rental property attached?
You may be considering buying a new home, and perhaps you're thinking about getting one with a rental property. An example of this could be a duplex. You and your family could live in one side of the duplex while you rent out the other side of the property. There are...
Can you sell a house with a lien on it?
You’re ready to sell your home – but there’s an involuntary lien on it that you know is going to cause problems. It could be a tax lien, a judgment lien from an old debt or a contractor’s lien that’s leftover from a construction dispute. You’re afraid that will prove...
Issues with an appraisal can delay or cancel a closing
Local demand, interest rates and even recent history in a specific neighborhood can all influence what property is worth on the real estate market. Sellers try to get the maximum price for their property when listing their homes or investment holdings, while buyers...
Discriminatory appraisals keep many in New Jersey from homeownership
The dream of homeownership should be available to everyone in New Jersey, regardless of race, color or national origin. But the reality for many people of color is that they often face discrimination when trying to buy or sell a home. One version of this frequently...
A POA can have uses while you’re still alive and well
You just found the perfect property to invest in. Unfortunately, you won’t be around to finalize the purchase. Now you’re conflicted about whether you should stay home to finalize an investment or go on your overseas trip. Instead of being split between traveling and...
What happens when buyers cancel the closing due to the market?
After months of more demand than supply and frequent bidding wars, the real estate market in New Jersey has started to shift. With the increase in interest rates has come a drop in buyers wanting to get to the closing table. Some sellers now find themselves in the...
What could cause real estate title issues?
If you have ever completed the mountain of paperwork necessary to buy a house, you may wonder how on earth a place can end up with title issues. Surely all that is needed is for sellers and buyers to sign, and the proof of transfer of ownership will be clear? That is...
Should you consider a rent-to-own home?
House prices are soaring, and mortgage companies are scrutinizing buyers harder than ever before. You need great credit, a lot of money to put down and extra cash for all appraisals and other “extra” costs of purchasing a home. When you’re paying more for rent every...