12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Lawyer to Buy or Sell a Home in Piscataway, NJ

Do I Need a Lawyer to Buy or Sell a Home in Piscataway, NJ


Owning a home is a keystone of wealth — both financial affluence and emotional security.
 
- Suze Orman


For most people, buying or selling a home is the most expensive transaction that they will ever conduct. You can usually handle the tasks involved in buying or selling real estate with the help of one or more real-estate professionals: a good real estate agent, the escrow company, and possibly a mortgage broker.

Many states have standard contracts for the sale of real estate. Many real estate transactions are conducted with the help of a lawyer. However, please make sure that you actually read everything you sign. Ask questions if there's something you don't understand.

If the buyer or seller tries to back out of the deal or if something goes wrong after the deal has closed (e.g. undisclosed structural issues), you can always hire a lawyer after the fact.

Some factors to consider in whether or not to hire a lawyer: 1) the lawyer's fees are tiny compared with the purchase price; 2) your state requires an attorney for closing or some other aspect of the sale; 3) you don't entirely trust the other party and/or the real estate agents involves; 4) you are jointly buying or selling the house with a co-owner that is not a family member; 6) the property you are buying is in probate or foreclosure; 7) the property is in a development with homeowner association rules; or 8) there are other complicating factors such as the seller helping the buyer obtain a mortgage.

Real estate agents and representatives of the escrow company can't make judgments on legal questions. For example, if your prospective new home has an illegal in-law unit with an existing tenant whom you want to evict or if either party adds unusual language into the purchase contract or mortgage, you may want to have an attorney look the documents over.

Your agreement of purchase and sale is a legal contract that defines: 1) what you are selling; 2) the sale price, the deposit and who holds the deposit3) when the sale will close; 3) the conditions (e.g. financing, home inspection) to be satisfied before the contract becomes binding; and 4) any special arrangements between you and the purchaser.

The sale will include everything that forms part of the real property, including any equipment or other items that are affixed to the buildings, unless you make exceptions for them. Light fixtures, stained glass windows, built in bookcases etc. are all included. Any fixtures you wish to remove must be specified in the agreement.

The taxes will be adjusted on closing so that you pay a proportion based on the number of days of the calendar year you have owned the property and the purchaser pays the balance.

Only you can decide if hiring a lawyer is right for you. Check out 12Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free NJ Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free NJ Living Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Related Legal Services near Piscataway, NJ
Horowitz Victor J
1315 Stelton Rd Ste 1
Piscataway, NJ 08854
(732) 572-7880
Attorneys, Legal Service Plans
Otto Michael
1030 Stelton Rd Ste 102
Piscataway, NJ 08854
(732) 819-7000
General Practice Attorneys, Attorneys, Legal Service Plans
Izso & Otto
1030 Stelton Rd Ste 102
Piscataway, NJ 08854
(732) 819-7000
Attorneys, General Practice Attorneys
Day Schilp Susan M
44 Stelton Rd Ste 210
Piscataway, NJ 08854
(732) 752-5001
Attorneys, General Practice Attorneys, Legal Service Plans
Oldroyd Raymond J Atty
281 Grandview Ave
Piscataway, NJ 08854
(732) 968-4100
Attorneys, Legal Service Plans
Stanton Mark L
216 Stelton Rd Ste F1
Piscataway, NJ 08854
(732) 752-4000
Attorneys, Legal Service Plans
Smith Bob
216 Stelton Rd Ste B1
Piscataway, NJ 08854
(732) 752-3100
Corporation & Partnership Law Attorneys, Attorneys, General Practice Attorneys, Legal Service Plans,
Bob Smith & Assoc
216 Stelton Rd Ste B1
Piscataway, NJ 08854
(732) 752-3100
Corporation & Partnership Law Attorneys,  Attorneys,  General Practice Attorneys,  Legal Service Pla
Jennifer L. Marshall, LLC.
200 Centennial Ave, Suite 200
Piscataway, NJ 08854
(732) 377-2005
Criminal Law Attorneys, Divorce Attorneys, Domestic Violence Attorneys, Drug Charges Attorneys, Traf
Harrison Mardi
25 Marion Ct
Piscataway, NJ 08854
(267) 880-1180
Labor & Employment Law Attorneys, Attorneys
Schwartz & Blumenstein
220 Centennial Ave # 2
Piscataway, NJ 08854
(732) 885-1135
Attorneys, Legal Service Plans
Clarkin James F III Attorney
1100 Centennial Ave
Piscataway, NJ 08854
(732) 981-0808
Attorneys
John R Johnson
242 Old New Brunswick Rd
Piscataway, NJ 08854
(732) 465-0220
General Practice Attorneys, Attorneys
Delello Salavtore
154 Stelton Rd Ste 2
Piscataway, NJ 08854
(732) 926-0088
Attorneys, Legal Service Plans
Immigration Law Center
463 S Washington Ave
Piscataway, NJ 08854
(732) 968-0087
Immigration Law Attorneys, Attorneys, Legal Clinics, Legal Service Plans, Immigration & Naturalizati
Bond & Posluszny
463 S Washington Ave
Piscataway, NJ 08854
(732) 968-0080
Attorneys, Legal Service Plans, Probate Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Le
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US