The word "disclosure" is a term commonly used in real estate law. It is essentially the act of informing potential buyers about anything wrong or imperfect with the property. In other words, a seller has a responsibility to disclose pertinent information about a...
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Real Estate Law
What happens if you notice issues during your final real estate walk-through?
If you're under contract to purchase a home, your lender may require you to have a home inspection before extending you a mortgage. Even if they don't, it's in your best interest to schedule one. Your real estate contract may allow you to pull out of it if the...
Why buyers and sellers should have attorneys involved in any real estate transaction
Many states require homeowners or their buyers to hire an attorney to oversee residential real estate transactions such as closings -- for good reason. Yet, New Jersey isn't one of those states. Why, then, should you have an attorney involved in your real estate deal...
What if the previous owner does not move out of your new home?
One of the most challenging things people experience when buying a new home is juggling the handover dates to suit everyone in the property chain. You need to vacate your current home by a certain date so the new residents can move, and you need the people in the home...
Why should I buy title insurance?
Purchasing a new home represents not only a thoroughly exciting adventure, but also a huge investment. In all likelihood, you will pay more for your home than for any other asset you ever acquire. That is why you need to know that when title passes from your home’s...
What are contingencies in real estate contracts?
You want to feel confident when you negotiate with a seller to buy a house. If you are buying your first home, you might feel apprehensive about entering into any kind of a deal. In the event you discover a problem with the property, you may want to back out. This is...
How do I sell my house quickly?
There are some situations where you need to sell your house quickly. A good example is during a divorce when you need to sell the house to split the income. Until your house sells, you remain stuck and unable to finalize your divorce. This type of situation can lead...
What happens after the home inspection?
An essential part of the home buying process, home inspections may turn up problems that deter people from purchasing or open their eyes to the condition of the property they intend to purchase. According to the New York Times, home inspectors thoroughly examine the...
Warning signs of a predatory mortgage lender
Most mortgage lenders in the United States are consumer-oriented and willing to play by the rules. However, not all of them act in the best interest of those they serve and may target naïve and uninformed homebuyers and homeowners. While plenty of credible resources...
Help navigating a real estate transaction
For homeowners and other property owners, buying and selling a home or commercial property is one of the most significant transactions they may be a part of. Whether they are purchasing or selling a home or purchasing or selling a business property, home buyers,...