Attorney Review of Real Estate Contracts
Dec. 16, 2022
In New Jersey, the attorney review period is a specific period of time during which the buyer's attorney has the opportunity to review the sales contract and negotiate any changes with the seller's attorney. This period is typically three business days long, although it can be longer or shorter depending on the terms of the contract.
During the attorney review period, the buyer's attorney will review the contract to ensure that it is fair and protects the buyer's interests. If the attorney identifies any issues or concerns, they will negotiate with the seller's attorney to try to resolve them.
The attorney review period is an important step in the home-buying process in New Jersey. It gives the buyer the opportunity to have a legal professional review the contract and make sure that their rights are protected. It is important for buyers to work with an experienced real estate attorney to ensure that the attorney review period is used effectively.