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Real Estate Archives

Want to sell your home? Here's how to begin the process

Selling your home can be a time-consuming process that can quickly turn into a stressful and overwhelming experience. In many cases, you may also have to coordinate the sale and your move with the purchase of a new home, which can exponentially increase the stress. To help your transaction go as smoothly as possible, and to minimize your stress level, it is important for sellers to be as prepared as possible. Here's how to get organized:

Beware of title defects before you close

If you are considering purchasing a home in New Jersey, it is important for you to ensure that the person selling it to you has clear title to the property. If you fail to address any title issues before you close, you may later find it difficult to sell the home, find yourself embroiled in litigation, or suffer similar undesirable outcomes. To protect yourself, it is vital that a thorough title search be conducted during the purchase process by a licensed NJ Title Insurance company, and the searches conducted are reviewed by a competent real estate attorney. If a title defect is discovered, you may have the right to cancel the transaction if the seller cannot cure the defect in a reasonable time prior to closing.

4 reasons real estate transactions fall through for sellers

When selling your home, you can sometimes face an arduous process full of inconveniences, as you need to prepare your home and show it to potential buyers. When you receive a suitable offer, you certainly want the deal to close as quickly and seamlessly as possible to avoid losing valuable time in re-listing your house for sale.

What you need to know about the attorney review period

In New Jersey, most contracts to buy and sell residential real estate are prepared by real estate brokers or salespeople. The contract's purpose it to set forth the respective obligations of the buyer and seller during the transaction. However, in New Jersey, each contract prepared by a realtor must contain a clause allowing you to consult with an attorney within three days. For the buyer and seller, this is an important right that should always be exercised.

How unmarried couples hold title to property can make a big difference

Nowadays, it is much more common for people to purchase a home as an unmarried couple than it was in the past. However, it is an unfortunate fact that love does not always last forever, so how title to the home is held can potentially cause significant problems if not addressed beforehand. The same is true if one of the homeowners unexpectedly dies. It is, therefore, important to have a basic understanding of how real property can be held in New Jersey when buying a home.