Attorney Review - The New Jersey Process
Wednesday, March 26, 2014 • 12:27pm
So you found the home you love, and had your offer accepted by the seller... Congratulations!
- In New Jersey a buyer and seller have the right to get out of a real estate contract within three business days of its execution.
- Cancelation has to be done by an attorney, and the word "cancel" mentioned specifically in the letter. The cancelation letter has to be sent by certified mail to all parties involved in the contract. All other correspondence may be sent by email.
- Usually, instead of cancelling a contract, a real estate attorney will disapprove the contract, and then make suggestions for changes which generally extends attorney review until such time as the attorneys for both buyer and seller reach mutual agreement on moving forward. These changes reflect careful scrutiny by both attorneys with their clients of the exact details of the contract.
- In the rare instance that attorneys prepare the contract there is no attorney review period. Generally we, as agents, prepare a "boiler plate" contract, filling in the blanks.
Your real estate dreams and needs are all about you and she will listen so that you receive the very best advice and options! You owe it to yourself to hire the best agent and Lucy will prove, through hard work, energy, enthusiasm, motivation, comprehensive information and results that you will benefit from making the right decision in hiring her. You can reach her at firstname.lastname@example.org.