Purchasing or Selling Residential Real Estate (NJ & NY)
The purchase or sale of a home is frequently the most important transaction in a person’s life. The attorneys at Rubin & Dombeck, LLC have over 20 years of collective experience in handling residential real estate transactions and can guide you through the complexities of real property law as it relates to your purchase or sale.
Whether you are buying or selling a home or a condominium, we will work closely with you, the real estate agents, the other party in the transaction and the mortgage lender to ensure a smooth and timely closing. We have the professional experience, trained support staff and automated systems to handle your closing efficiently. If problems arise during the course of your transaction, we can guide you through the proper steps to assist you in resolving those problems to the mutual satisfaction of all parties involved. For more information about how we can assist you with the purchase or sale of residential real estate, contact our Teaneck, New Jersey, office at (201) 578-1578 or email@example.com
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Contract Signing and Attorney Review in New Jersey
In contrast to New York where contracts are prepared and negotiated exclusively through lawyers, when the parties are working with realtors in New Jersey, the real estate contract is usually prepared by the buyer’s realtor. It is generally acceptable for a party to sign a contract prepared by a realtor before even meeting with a lawyer because the lawyer has the power to cancel or modify the contract. This is because realtor prepared contracts contain an “attorney review clause”. Ordinarily, the contract is signed by the buyer and is then presented to the seller as an offer to purchase. If the seller signs the contract, there is an agreement that may become binding upon the completion of attorney review. You should make sure that you or your realtor immediately faxes or hand delivers the contract to our office for review.
Attorney review begins once the fully signed contract is returned to the buyer or his/her agent. Attorney review is a three-business day period during which attorneys for either party may either cancel or recommend changes to the contract. If the parties cannot agree upon the changes, the contract is terminated. If the parties mutually agree upon the changes, the contract becomes binding as modified. If neither party requests modifications to the contract within three business days, it will become binding as originally written.Attorney review will not necessarily be completed within three business days. The parties need only request modifications to the contract within that period. If it takes more than three business days for the parties to negotiate the requested modifications, attorney review will be extended accordingly.
Once we receive the contract, we will contact you to confirm our representation of your interests. We will either schedule an in person meeting with you to review the contract, or, if your schedule does not permit, we will handle the contract review through over the phone.
We have often represented clients in New Jersey, Bergen County, Hudson County, Union County, Passaic County, Middlesex County, Teaneck Township, Bergenfield, New Milford, Englewood, Englewood Cliffs, Alpine, Fort Lee, Cliffside Park, Palisades Park, Hillside Township, Elizabeth, Union, Westfield, Cranford, Springfield, Plainfield, Passaic, Clifton, Paterson, Newark, West Orange, East Orange, Irvington, Short Hills, Millburn, New York, Rockland County, New York County, Manhattan, Kings County, Richmond County, Queens County, Bronx County, Brooklyn, Nassau County, Suffolk County, Orange County, Sullivan County, Monsey, New Hempstead, Spring Valley, Great Neck, West Hempstead, Woodmere, Lawrence, Cedarhurst and many other areas. Key search terms: Teaneck Lawyer, Teaneck Real Estate Lawyer, Bergenfield Lawyer, Bergenfield Real Estate Lawyer, Englewood Lawyer, Englewood Real Estate Lawyer, Bergen County Lawyer, Bergen County Real Estate Lawyer, New Jersey Real Estate Lawyer