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We are uniquely qualified to handle the sale of real estate for the heirs of an Estate.

 

Residential Real Estate – South Jersey

Are You Selling or Buying a Home?

Your home is most likely the biggest investment you will ever make, and you will surely ask, ” Do I really need a real estate lawyer?”  As a buyer, you will want some advice on how to take title to your new home.

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 ONLY $1,500, start to finish. That’s not 6%, nor 5%… it’s only one half of one percent!  While your real estate agent will most likely prepare the contract, only a licensed attorney can review the contract during the three day attorney review period, prepare the deed, explain and/or avoid the “Exit Tax,” and give you the legal advice you need to protect your real estate interests. As experienced real estate lawyers, we will assist you with the following:

  • guide you through presale process
  • advise about various contingencies, e.g., Resale Contingency
  • prepare the contracts, or
  • review contracts prepared by a real estate agent
  • discuss potential issues with you
  • negotiate and create an addendum to the contract, if necessary
  • review and comment on inspection reports
  • respond to or make requests for repairs
  • order title insurance
  • review the title report and address title issues
  • Explain the Realty Transfer fee and possible exemptions
  • review the property survey
  • review and explain the mortgage documents
  • prepare the deed
  • Explain or avoid the Exit Tax
  • attend closing
  • review the settlement sheet with you
  • help resolve post-closing issues.

Should you list your home with a real estate agent, or try to sell on your own?

This is a great question comes up over and over again. 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.  We call this a For Sale by Owner or FSBO.  However, I think you should seriously consider retaining the services of an experienced real estate agent , especially in a slow real estate market.  He or she will make sure you get top dollar in this market, and steer away the “tire kickers” so you don’t waste your time and emotional energy.  If you are buying or looking to buy, there is no reason not to use a real estate agent.  The seller pays the commission, not the buyer. They will save you lots of time by prescreening properties. The links below can be useful in finding an experienced realtor*.  For a list of experienced Realtors I have worked with successfully in the past, click below:

<< LOCAL REALTORS >>

Tools for Buyers.

If you are in the market to buy, you want to do your homework. If you 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 how much the current owner pays in real estate taxes, the size of the lot, when the owner bought the property, how much they paid for it, who they bought it from, and lots of other great information.  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 New Jersey Multiple Listing Services.

How do I find out what other properties like mine are worth?

Any good real estate agent will be happy to provide you a complimentary, and professionally prepared comparative market analysis or CMA. They have at their disposal computer software specifically designed 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.

Comparing properties:

Realtor.com
New Jersey Homes for Sale
New Jersey Multiple Listing Services

Market trends.

You should also familiarize yourself with local market trends. The market may not be as bad as you think, but might take a bit longer to sell your home than it has in the past.  Follow the links below for market statistics in your area:

New Jersey Association for Realtors

Real Estate Industry Trends

*Real Estate Agencies are regulated by the New Jersey Department of Banking and Finance. View the Official State site.

We are a law firm in Medford, NJ which is not to be confused with Medford Oregon.  

For valuable information on specific real estate topics, please follow the links below to other pages on our site: