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In July 2024, Governor Phil Murphy signed into law the New Jersey Real Estate Consumer Protection Enhancement Act, a significant step towards increasing transparency and consumer protection in real estate transactions. This law became effective on August 1, 2024. ...
Introduction Closing day is an exciting milestone for homebuyers in New Jersey. It’s the day when ownership officially transfers from the seller to the buyer. By the time of your closing, you should already be familiar with your attorney and his/her office, as well as...
In the realm of real estate transactions, environmental inspections or due diligence is a critical aspect that cannot be overlooked. Although in this competitive real estate market, buyers often (and foolishly) waive their inspection contingency rights, one such right...
Oftentimes, those entering a residential real estate transaction may find themselves wondering what happens during the process of closing in the State of New Jersey. When is it scheduled? What types of documents am I required to bring? Who will be in attendance? ...
Knowing the intricacies of what affects interest rates is important to understand how mortgage interest rates are set so that you can determine when is the best time to “lock” your rate when you are purchasing a home. Consulting with a skilled real estate attorney...
If you are looking to start a business, 2024 may be your year. With retail rentals becoming increasingly available, it is important to consult with an experienced commercial lease attorney to help navigate you in one of the most important agreements pertaining to your...
While 2024 could shape up to be a thriving year for the real estate market, there are still several factors that could impact homebuyers including interest rates, inventory and economic factors. However, there’s one factor that remains – having a real estate attorney...
Real estate mortgage rates could fall throughout 2024, meaning those looking to invest, refinance, or enter the housing market will have an easier opportunity to do so. However, if you are entering such ventures, be sure to always contact a skilled real estate...
A real estate contract is just that, a “contract.” It is enforceable and carries with it major consequences based on the obligations of the parties. Since this article provides a general overview of contract rights in real estate and is not legal advice, it is...
If you’re entering a real estate transaction this year, both buyers and sellers should be aware of the dangers of wire fraud. Wire fraud can occur during a real estate transaction, and it could happen to unsuspecting buyers in a transaction. This is why it is...
While there are many factors that could impact the outcome of the 2024 real estate market, there is always a need for a skilled real estate attorney that will ensure the transaction is properly put together from the attorney review phase and then managed all the way...
With 2023 coming to an end soon, many may wonder how the real estate market will shape up for 2024. While the market could still be in flux, buyers and sellers may potentially see changes including a decline in mortgage interest rates and an increase in...