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Real Estate Archives

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.