Understanding Attorney Review and Beach Haven West Real Estate Transactions
Beach Haven West Real Estate
Buying and selling a home in the Beach Haven West real estate market involves a number of steps during the contract phase of the transaction. One of the most crucial periods during the contract phase is attorney review. It is during this phase that the terms and conditions of the transaction will be finalized and the obligations of each side are determined. Understanding attorney review and the Beach Haven West real estate market can help to ensure a smooth transaction and one in which your rights are protected.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.beachhavenwestrealestate.com | www.BuyLBI.com
Click here to search all homes for sale in Beach Haven West
Attorney Review and the Beach Haven West Real Estate Market
While it is not required in New Jersey to hire an attorney for a real estate transaction, it is certainly recommended. An attorney can offer many advantages throughout the course of a real estate deal and better protect your rights. Attorney review is typically the first interaction between a buyer or seller and their attorney but it is an important step to the transaction. The following steps will typically be covered during attorney review:
- The attorney review period, which by the contract will last three business days, maybe shortened or elongated to allow time for negotiation.
- During attorney review, either the buyer or the seller may use of the transaction with no penalties being incurred.
- During attorney review, other offers may be made of the property and a seller is free to accept them until the attorney review period closes.
- Attorney both agree on the terms and conditions of the transaction including timelines, closing dates, and responsibilities of each party.
Buying or selling a home is a tremendous financial endeavor. It is important to ensure that your rights are protected and the best way to accomplish this is by using an attorney. It is equally important for both the buyer and a seller in a transaction to use an attorney so that their rights are protected and a transaction can proceed smoothly.
Buying and Selling in the Beach Haven West Real Estate Market
Beach Haven West real estate market has witnessed an change in the wake of Hurricane Sandy. On nearly every street homes are being rebuilt, raise, or torn down to make way for new construction. With so much change taking place, it is important for buyers and sellers to understand their rights and ensure that the proper information has been disclosed.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.beachhavenwestrealestate.com | www.BuyLBI.com
Click here to search all homes for sale in Beach Haven West