New Jersey Attorney Prepares Real Estate Purchase and Sale Contracts
Proven North Jersey lawyer drafts clear, enforceable transaction agreements
A well-drawn sales contract clearly sets forth the rights and obligations of real estate buyers and sellers. If one party fails to abide by their contractual obligations, the other party might be able to rescind the agreement or seek another type of relief in a New Jersey court. At the Law Offices of James C. Zimmermann, we draft real estate sale agreements to fit the individualized needs of our clients. From our offices in Sussex, Bergen, Passaic and Essex counties, we also review, negotiate and amend contracts.
Determined lawyer advises buyers and sellers during property deals
Real estate is often the most valuable asset a person owns, so real estate sales should be handled with exceptional care. Our firm’s attorney carefully drafts clauses regarding:
- Price and payment terms — The contract lists the amount of money the buyer will pay to the seller, how much earnest money will be deposited and when each payment must be made. Parties also should declare who is responsible for closing costs and any additional fees.
- Property conditions — Well-crafted real estate sale agreements describe pertinent details about the property, including which fixtures and appliances, if any, will be transferred to the buyer as part of the sale price.
- Contingency conditions — A home inspection may reveal previously undisclosed details about the property that are not acceptable to the buyer. The contract can include provisions for how the sale may be affected if structural damage or other issues are found prior to closing. Our firm has a thorough understanding of the conditions that sometimes pose obstacles to New Jersey property sales and helps clients anticipate possible contingencies.
- Conditions for termination — The contract will outline the circumstances in which either party may walk away from the sale without penalty. We can also negotiate a clause requiring disputes to be settled through arbitration rather than litigation.
If the proposed terms of a contract do not sit well with you, our firm will negotiate to develop more suitable terms. With persistent effort, we will pursue your desired outcome.
Supportive law firm assists buyers with mortgage negotiations and documents
A real estate contract typically addresses how a sale will be financed. The agreement will likely be contingent upon the buyer’s ability to obtain a mortgage loan with an interest rate at or below a specified percentage.
To find a mortgage financing option that fits your circumstances as a buyer, it is best to consider more than one lender in order to negotiate the best possible rate. With considerable experience handling property contracts and other real estate matters, our firm’s attorney advises buyers on loan agreement negotiations. We also review all financial documents related to real estate transactions.
Contact a knowledgeable New Jersey real estate sales contract attorney for a free consult
The Law Offices of James C. Zimmermann prepares and reviews New Jersey real estate sale contracts. Our offices are located in Vernon, Wayne, Pompton Lakes, Hackensack and Nutley. To schedule your free initial consultation, call 973-764-1633 or contact us online.