All good answers thus far,
Don't wait until you have a signed contract..........look into an attorney now, so you will be prepared when the time comes.
The 3 day attorney review period clock starts clicking as soon as the contracts are full signed and returned to the parties. It doesn't start when you find an attorney.............so you'd be wise to have one lined up, ready to use.
Be aware that the first thing the attorney will do is send a letter cancelling the contract (some buyers get nervous when they read that letter)...they must cancel it in order to reinstate it with the changes they want to make..This is all part of the normal process, so don't let the verbiage worry you.
If you are wokring with a Realtor,, they should be able to give you a few names of local real estate attorneys.
As Jeanne mentioned, generally, the closing takes place at the buyer's attorney's office, so it would be good for you to use someone local, or at least somewhere in the general area.
Prudential NJ Properties
As soon as you and the seller sign a contract to purchase a home, the contract should be immediately delivered to your attorney for attorney review. Do not delay at all. I'm sure some Hudson County agents will chime in with referrals. Make sure you use a real estate attorney, someone who handles these contracts everyday. It seems simple, but it often is not, so you want to use an attorney who does real estate contracts for a living, rather than a "jack-of-all-trades" attorney.
In New Jersey, you will need a real estate attorney once you have an contract of sale that has been signed by both the buyer & seller. Then the "Attorney Review" period will begin on the contract.
Several real estate lawyers I recommend can be found here.
Please let me know if you have any additional questions. I'll be happy to assist.
Walter J. Burns
201-653-8488 Ext: 230
It sounds like you are getting close to finding a property of interest - now is a good time to do your due diligence in selecting an attorney - your agent may have suggestions for you - I have three I recommend but they are all out here in Somerset County. The location doesn't really matter as your communication will be phone/fax/email, but the closing generally takes place in the buyer's attorney's office, so an attorney located in a convenient location for you and the property can be handy.
I'm quite sure you'll be bombarded with attorney names, but if you find yourself in need of ideas, reach out to me and I'll be happy to do some research.
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