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Working toward a purchase agreement in real estate law

On Behalf of | Jul 25, 2022 | Real Estate Law

The real estate market in New Jersey always seems to be going through some kind of phase – buyer’s market, seller’s market, rising or lowering interest rates – there’s always a variety of factors for buyers and sellers alike to consider. But, when it comes to purchasing or selling real estate, either commercial or residential, the purchase agreement is a crucial document as part of the process.

There are usually many steps to take prior to drafting and executing a purchase agreement. The biggest example, of course, is the ability of the parties to agree on a purchase price – not always an easy step. There may be other details as well, such as which fixtures should remain with the property, any repairs that should be made prior to the title changing hands and even the possibility of easements on the property in question. These steps, among others, require careful attention as the parties work toward a purchase agreement.

The purchase agreement itself will be a document that both parties review and probably revise before they put pen to paper. If the purchase agreement in your real estate transaction isn’t drafted properly and carefully reviewed prior to signing, you may be in for potential problems in the future.

Getting it right

At our law firm, we understand the detailed nature of purchase agreements and how these documents can lock our clients into deals that could have long-term repercussions. We do our best to make sure our clients have the information they need to get it right. For more information, please visit the real estate law overview section of our law firm’s website.