Medford, New Jersey Real Estate Attorney, Gary F. WoodendYour home is most likely the biggest investment you will ever make On the sale of a $300,000 home, a typical real estate commission will be 6% or $18,000. Our typical fee for legal representation is $1,000. Only a licensed attorney can review the contract during the three day attorney review period and give you the legal advice you need to protect your real estate interests. An attorney can assist with the following: - prepare the real estate documents
- prepare the contracts
- review a contract prepared by a real estate agent
- discuss potential issues with you
- negotiate and create an addendum to the contract, if necessary
- review inspection reports
- respond to or make requests for repairs
- order title insurance
- review the title report and address title issues
- review the property survey
- review and explain the mortgage documents
- prepare the deed
- attend closing
- review the settlement sheet with you.
Should you list your home with a real estate agent, or try to sell on your own?
This question comes up constantly. It is mighty tempting to try to sell your house on your own in order to save on commissions, and I am quite happy to help you with the legal work involved. However, I think you will find that a good agent is worth their weight in gold in a slow real estate market. They will make sure you get top dollar in this market, and steer away the “tire kickers” so you don’t waste your time. If you are buying or looking to buy, there is no reason not to use a real estate agent. They will save you lots of time by prescreening properties. The links below can be useful in finding a good realtor*:
www.century21.com
www.prudentialnewjersey.com
www.weichert.com Tools for Buyers.
If you are in the market to buy, you want to do your homework, also. I know the block and lot of the property you are interested in, or the address, or the name of the property owner, you can easily find out what the current owner pays in real estate taxes. Very often, you can also find out how much the current owner paid for the property, and when they purchased it. Follow the link below for the best website to obtain this information: www.njactb.org For general market information, or to get an overview of multiple properties, use the multiple listing site at www.njmls.com/. How do I find out what other properties like mine are worth?
Any good agent will be happy to provide you a complimentary, and professionally prepared comparative market analysis. They have computer software specifically for this purpose, and you should take advantage of the opportunity. Whether you are thinking about selling on your own or listing through an agency, you should familiarize yourself with your local market. There are many free tools available. Feel free to use any of the links below for that purpose. Compare properties:
www.realtor.com
www.homes.com/Real_Estate/Counties/NJ
www.njmls.com/(multiple listing service) Market trends.
You should also be familiar with the market trends. It may not be as bad as you think, but it will probably take a bit longer to sell your home than it has in the past.
Follow the links below for market statistics in your area:
www.njar.com/research_statistics/index.php
www.reportlinker.com/report/search/industry/Real_Estate/keywords/%22Real+estate%22/since/2009/mode/public?gclid=CJmT4p2h_58CFQqF7QodxDTOkg *Real Estate Agencies are regulated by the New Jersey Department of Banking and Finance. The link to the State site is:www.state.nj.us/dobi/division_rec/index.htm Our office hours are Monday through Friday, from 9 a.m. to 5 p.m. and evening hours available by appointment. Visa and MasterCard accepted.  
Disclaimer: Although I am an attorney licensed to practice law in the State of New Jersey, the information on this website is for general information purposes only and is not to be construed as legal advice. Every situation is different and there are many exceptions for every legal principal or rule. You must consult with an attorney licensed to practice law in your jurisdiction for help and advice. If you reside in the State of New Jersey, I can provide you with legal advice, however, it needs to be done in person, by telephone, or by video conferencing.Gary F. Woodend & Associates
5 N. Main St., Ste C
Medford, NJ 08055
Toll Free: 888-336-8417
Telephone: 609-654-5489
Fax: 609-654-5703
Map and Directions Gary F. Woodend & Associates serves clients in Medford, Medford Lakes, Marlton, Southampton, Tabernacle, Shamong and Mount Laurel, New Jersey, as well as other communities in Burlington County, Camden County and Ocean County, NJ, and nationwide. Printer Friendly View
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