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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 imperative that you consult with an experienced New Jersey real estate attorney to fully understand the consequences of a real estate contract.
If you believe you need help navigating the complexities of real estate contracts contact us.
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...