Recent changes in New Jersey Law have greatly increased the burden on a seller of real property. The old maxim “Buyer Beware” does not necessarily apply anymore. It is important for sellers to disclose information they have about their property and to make sure that they are contractually protected from any future liability once the sale is complete. Recently, the competition in the marketplace has been great for sellers who often have to choose between several buyers wishing to purchase their home. As attorneys we can advise you how to select the best buyer for your particular situation. Many sellers will also have to purchase and close on a new home. Therefore the quality of the contract they sign and buyer they select is critical to their successful move. Oftentimes the buyer bidding the highest may not be the best buyer. Sellers must evaluate not only the price but also a buyer’s qualifications including their deposit, their need to sell their current home and their ability to obtain financing. During the contract negotiations we can attempt to eliminate as many of the buyers contingencies as possible and advise you of the potential risks involved in the transaction. Most importantly we are there to give advice and guide you through the transaction so that you are prepared to close title on your home. Having handled thousands of closings we have seen many difficult situations and have been able to successfully negotiate resolutions to complete the transaction for our clients
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