Am I given time to review a real estate contract?

When real estate agents are involved in the process of selling a home, there are certain procedures to expect throughout the ongoing transaction. Attorneys for interested buyers are given a three-day period of time to look over the contract and point out any issues. Since real estate transactions involve a lot of money due to the value of a home and how large of an investment it is, it may be best to acquire an attorney. With an attorney’s help, you can be better prepared to handle this encounter of facing a real estate agent’s experience. You will have the legal guidance to make sure that the document is reasonable.

During the three-day period of time, your attorney can suggest changes to the contract. Both parties are able to negotiate on parts of the contract in order to reach a better outcome that satisfies both parties. After the three days have concluded, the parties can sign a final document to agree on the revisions being made to the original document regarding the real estate transaction. Either party is allowed to decline signing the contract before signing the final addendum. Once the final addendum is signed, the contract is legally binding.

What should I expect when selling my house?

Throughout the process of selling your house, you should expect a process that may be complicated. When selling your home, you will need to set a fair price. When you set a price for your home, then you have to go through the process of marketing your house. This can include online campaigns or putting a sign on your lawn that says for sale.

Even though you decided not to use a realtor, that does not mean you won’t have to deal with them. They may be browsing on behalf of potential buyers. Due to their experience in the field, you may be tricked into a lower asking price or anything they can convince you of. Since you are acting in place of a realtor, you need to know every detail about the house. Potential buyers will ask every question possible to make sure they are getting the best deal. Make sure you can provide the proper information to these potential buyers. If you need more assistance to understand the process or the rights of real estate agents, acquire the legal counsel of a professional attorney to learn more.

Paris P. Eliades Law Firm, LLC is honored to serve the people of New Jersey, including Sparta, Sussex County, Morris County, Passaic County, and Bergen County with the quality legal services they deserve. Contact our firm for a consultation today.