Real estate transactions are document-intensive and every little detail matters. Whether it’s the buy-sell agreement, the mortgage, financing instruments, title commitments, restrictive covenants, easements, or the closing statement, you want an experienced professional to meticulously check everything.
By law, the seller is required to provide you with information about the condition of the property, and, more specifically, regarding any known defects. As a general rule, you must be made aware of:
The seller may represent, verbally or in writing, that the premises are in good condition. It’s essential, though, that you get confirmation by having the premises inspected by professionals. That includes inspections for mold, pest infestation, structural integrity and soil settlement/erosion, as well as an examination of HVAC, electrical, plumbing and sewer systems.
Take the time to read the buy-sell agreement and discuss it with your lawyer. If there are things you don’t understand, don’t sign anything until they have been effectively explained to you.
At the office of Howard N. Sobel, we provide comprehensive residential real estate counsel to individuals throughout the state of New Jersey. Contact our office online or call us at 856-424-6400 to see if you qualify for a free initial consultation (on selected cases). Evening and weekend appointments can be arranged upon request. We accept all major credit cards.
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