Arpi: I hope you have some of your 3-day attorney review left. An attorney can help you immediately by determining if there are things that need to be changed in your contract. After that, he can also tell you what's next. You cannot change or cancel the standard NJ contract yourself. Our office has added language to a special version that gives the principals the same rights that their attorneys have.
Without an attorney, you must read the contract yourself, both to figure out whatâ€™s next and to figure out what your rights and responsibilities are. A Realtor should not give you legal advice; they are not licensed by law to do so.
Ken Verbeyst was being super cautious, because he is one of the sharpest guys around and I believe he just did not wish to weigh-in with a definitive statement, since he is not a lawyer. He was dead on, though, as far as I can see. (I'm not offering legal advice either.)
The standard language says you do not count Saturdays, Sundays and legal holidays in the 3 days but I don't think that Tuesday is a legal holiday, just the day we inaugurate our president.
I'd spend the money for an attorney myself (always have in several transactions,) if that means anything to you.