How can an attorney help when buying a house?

The process of buying your first house is an exciting one. Everyone wants the perfect house to live in. Although the process can be long and stressful, you want your house to become your new home, which means it has to meet all of your needs. If this is your first time buying a house, it may be in your best interests to seek guidance from an attorney. These professionals can help you throughout the process. Buying a home can be stressful and you do not want any surprises.

When buying a house in New Jersey, a real estate contract is made between the buyer and seller. This contract includes all the terms that were agreed upon between the two parties. However, it is best to read it over with a trained eye in order to avoid any problems in the future. When both parties sign the contract, the house has officially been bought by the new owners.

If a real estate agent is involved in the buying of your house, there are specific terms to the process. It is required to have a guideline that provides a 3 day period of time for attorneys to review the contract. During this period of time, both parties are able to have their attorneys go over the document with them in order to ensure that they are satisfied with the deal.

During these 3 days, your attorney can suggest changes that improve your situation. Both parties are able to negotiate on parts of the contract over this period of time. After the 3 days are up, both parties can sign a final document to agree on the revised document. However, they are allowed to walk away from the contract before signing the final addendum. Once the final addendum is signed, the contract is binding.

After the contract is signed, there is still more to be done. You are going to want to have the home inspected. If there are issues present in the inspection, you are allowed to ask the seller to fix these conditions. To ensure that you’re acquiring the house in the proper conditions, an attorney can help facilitate your requests to the seller.

Joseph Gachko, Esq. is an experienced New Jersey attorney who can assist you in any of your estate or real estate-related legal matters. If you require legal counsel for your real estate matters, please contact The Law Office of Joseph Gachko today to set up a consultation.