Cinnaminson Real Estate Lawyer

We can provide assistance if you are either buying or selling a home. An attorney’s advice and guidance is valuable when making one of the most important decisions of your life.

Also, The Simone Law Firm, P.C. can represent a business in real estate transactions and conveyances that involve applying for permits or zoning ordinances while also assisting in Land Use and Planning cases.

BUYING A HOME

Listed below are some important issues to be aware of during the purchasing process:

• Disclosure of home defects is always an area of concern for a home buyer. Be sure to inspect each home meticulously. Do not hesitate to ask any questions concerning a potential house, problems that may have occurred in recent years or anything that seems to be out of the ordinary in regards to the home. It is recommended that you obtain a person who is knowledgeable concerning home construction to assess the structural integrity of the home and any noticeable defects prior to signing a sales agreement or as a condition of the sale.
• Prior to signing any sales contract, it is recommended to seek an attorney’s advice. If the buyer shows the purchase agreement to the attorney prior to signing it, the buyer has an advantage in negotiating certain terms of the agreement and has the first option in modifying certain parts of the contract.
• In regard to the sales agreement, some of the most common aspects of the contract to be concerned about are making sure language in the contract obligates the seller to pay any and all previous liens attached to the property, to force the seller to fix any defects that need to be cured prior to closing date (without limitation on price), which work needs to be reasonably acceptable to the buyers, clarify what fixtures are to be removed and what they will be replaced with after removal, and state that the mortgage clause should not be canceled automatically if the buyer does not obtain a mortgage commitment. This allows the option for either party to cancel and the sale of the home will not automatically cancel. Also, if interest rates are rising, do not use “prevailing rates” in the contract, but pick a maximum amount. These are only a few of the countless provisions that can be added or modified depending on the seller’s sales agreement.
• Be involved in the process. The purchase of a home is one of the largest single purchases a person is likely to make in their lifetime. Active participation in the search of municipal records, asking questions concerning the property, talking to neighbors and reviewing all documents will make the process less overwhelming and more profitable for the purchaser of a home.

Typically, a person who is considering buying a home needs assistance in the purchasing process. An attorney’s advice and guidance is valuable when making one of the most important decisions of your life. Our office located in Cinnaminson, New Jersey is dedicated to personal and comprehensive representation for our clients’ real estate law needs. Every person who is represented by our firm will be treated as an individual and given the personal attention only a small law firm can offer their clients. It is our practice to return phone calls promptly and we encourage our clients to call us without concern for being excessively charged or not being able to personally talk to their attorney.

SELLING A HOME

Listed below are some important issues to be aware of during the selling process of a house:

• Disclosure of home defects is always an area of concern for a home seller. Be sure to be honest and forthcoming of any and all defects that are within reason. Confronting the issues during the initial purchasing process can save a seller time and money, prevent cancellation of a sales agreement and protect the seller from a potential lawsuit for failure to disclose known defects to the buyer before the purchase of a home.
• Prior to signing any agreements, it is recommended to seek an attorney’s advice. In New Jersey, the purchaser of a home has three days to have an attorney review a purchase agreement after being signed by the seller and the buyer to either add, amend or nullify the agreement. However, an initial conference with an attorney prior to the buyer signing the sales agreement will give the attorney the opportunity to meet with the seller to prepare a contract setting forth the terms which have been discussed between the seller, and more importantly, to engage in a dialogue for the purpose of anticipating any potential problems and devising ways to address those issues.
• Regarding the sales agreement, some of the most common aspects of the contract to be concerned about are: obtaining at least five percent of the sales price as a deposit to signify that the potential buyer is serious about purchasing your property; ensuring that the cancellation clause protects your interest in case the buyer attempts to cancel the sales agreement; clarify what fixtures are to be removed and what will they be replaced with after removal; and stating that the mortgage clause should not be canceled automatically if the buyer does not obtain a mortgage commitment, which allows the option for either party to cancel so the sale of the home will not automatically cancel. These are only a few of the countless provisions that can be added or modified to the seller’s sales agreement.
• Be involved in the process. The purchase of a home is one of the largest transactions a person will make in their lifetime. Active participation in furnishing all requested papers, addressing any concerns about the property in a timely manner, and reviewing all documents will make the process less overwhelming and more profitable for the seller of a home.

Typically, a person who is considering selling a home needs assistance in the selling process. An attorney’s advice and guidance is valuable when making one of the most important decisions of your life. Our office located in Cinnaminson, New Jersey is dedicated to personal and comprehensive representation for our clients’ real estate law needs. It is our practice to return phone calls promptly and we encourage our clients to call us without concern for being excessively charged or not being able to personally talk to their attorney.