If it isn't in writing, it doesn't exist: Although most people have an ability to negotiate face to face, it is imperative that the terms of any and all agreements be accurately memorialized in the real estate contract for them to be binding and enforceable. The Law Office of Alexandra Nieves-Martinez will help to ensure your contract protects your interests, as well as addresses any and all specific concerns and issues that will affect your future use and sale of the property.
"Standard" real estate contracts do not protect your interests: Most real estate agents use standard form contracts which contain unclear and/or vague language. The forms are not drafted by an attorney and most often contain language that can and will hurt you financially whether you are buying or selling. An attorney's job is to remove and/or modify these harmful provisions to better suit your interest and needs.
Don't get stuck with the seller's tax liabilities: Every real estate contract must be reviewed to determine whether the New Jersey Bulk Sale Act applies. If it does, the State of New Jersey Bulk Sale Division will have to be notified in writing at least ten (10) days prior to the closing. If the buyer closes before the tenant requirement, the buyer could be liable for taxes that would have been assessed to the seller.
A survey is not just for a fence: Although not required by most lenders, I always recommend my clients obtain a survey of the property to ensure there are no hidden boundary issues prior to closing. If you fail to get a survey prior to closing, you will be responsible for any and all boundary issues in the future and will not have any legal recourse against the seller. Survey issues can affect your ability to sell your property in the future and can cost thousands of dollars to remedy. Therefore, it is imperative to get a survey prior to closing.
The one-on-one personal attention you deserve: Buying and selling real estate is arguably one of the most stressful, emotional, and daunting tasks in a person's life. Failure to read the fine print can be disastrous for even the most experienced real estate developer.
A quick response from your attorney can mean the difference of getting the property of your dreams or a deal being declared dead in the water. That is why Alexandra Nieves- Martinez makes it her personal mission to guide you through the entire process from drafting and/or reviewing your contract of sale to the closing table. Specifically, during the entire length of your transaction Alexandra Nieves-Martinez, Esq. will personally respond to your inquiries in a timely manner giving you the peace of mind you deserve. She is available by text, cell, and e-mail even during most off hours. Whether you are a first home buyer or a seasoned real estate developer, she has the experience and resources necessary to guide you through the entire closing process.
Technically, the Law Office of Alexandra Nieves-Martinez, Esq. is located in Bayville, New Jersey. However, our resources allow us to conduct real estate transactions anywhere in the State of New Jersey!
Some common modifications to the contract of the sale include but are not limited to:
Removing any and all "standard " language which allows the seller to keep the buyer's deposit if the closing does not take place;
Removing any and all liquidated damage clauses or realtor commissions which are found in almost all "standard" realtor contracts;
Limiting or expanding the seller's requirements to make repairs or improvements prior to closing;