Posts by Bonnie
What size deposit should a buyer put down in private home sale?
Selling your home without an agent can feel like sailing through uncharted territory if you’re going it alone. Selling your home involves many important legal decisions and one of the early legal choices is deciding on the Buyer’s deposit size. The deposit your Buyer puts down not only signals the strength of your buyer but…
Read MoreHow To Sell Your House to Your Kids?
Selling your house to your adult children can be a rewarding and financially advantageous decision, provided it is done with careful consideration of the legal and tax implications. In this video, you’ll learn the steps to ensure a smooth transaction while maximizing tax benefits for both parents and children. 🚨 Important note: Minor children cannot…
Read MoreDo I Need An Attorney To Do For Sale By Owner In New Jersey?
Do you need an attorney during a For Sale By Owner transaction in New Jersey? The simple answer is: No, you do not need an real estate attorney to buy or sell a for sale by owner property in New Jersey. There is no legal requirement in New Jersey that an attorney must be involved…
Read MoreFor Sale By Owner and New Jersey Attorney Review
If you’ve bought or sold real estate in New Jersey before, you are probably familiar with the concept of “attorney review.” However, it may or may not apply to a for sale by owner transaction. If you sign a contract that is subject to attorney review, it is important to keep in mind that either…
Read More#1 Regret About Realtors
The Good, The Bad, The Ugly As real estate attorneys, there’s nothing more than we love than to see our client’s cross the finish line and successfully reach the closing table without a hiccup along the way. However, we see the ugly side of real estate too. We get the calls from the clients who…
Read MoreWhy the NJ Form Contract for Sale Doesn’t Work
It is a form document. The Form Agreement of Sale (NJ-118) is just that, a form. A form is a baseline. A starting point upon which to build a contract that fits YOUR exact situation. Relying on the form without any edits is doing all parties to the sale of a home a disservice because…
Read More