While inventory remains low and interest rates remain high in the State of New Jersey, this means that the real estate market remains increasingly competitive. With today’s market representing a 3.9% price increase compared to 2022, buyers should especially consider working with an attorney who is well-versed in real estate matters in the state, ranging from attorney review, closings and even potential litigation. Therefore, it is vitally important to retain an attorney early in the process as the fierce competitiveness of the market requires both buyers and sellers to be very careful with respect to safeguarding their rights in a real estate transaction. See the current findings impacting today’s real estate markets here.
Enhancing Transparency: The New Jersey Real Estate Consumer Protection Enhancement Act
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. ...
