New Jersey is one of a small number of states that mandates an attorney review period in residential real estate transactions. If you’re selling a home in NJ, understanding how this period works — and how to use it strategically — is essential.
What Is the Attorney Review Period?
Once a buyer and seller have signed a purchase contract, a three-business-day clock begins. During this period, either party’s attorney can disapprove the contract for any reason, propose modifications to the terms, or confirm acceptance. If no attorney disapproves the contract within three business days, it becomes legally binding on both parties.
What Sellers Should Negotiate During Attorney Review
- Closing date: Make sure it aligns with your moving timeline.
- Inclusions and exclusions: Confirm exactly which fixtures and appliances are included.
- Inspection timeline: Negotiate a reasonable window for the buyer’s inspection.
- Deposit amount and release: When can you access the deposit if the buyer defaults?
- Contingency strength: Review the mortgage and inspection contingency language carefully.
- As-is provisions: If selling as-is, ensure the language is specific and enforceable.
What Happens After Attorney Review Ends?
Once attorney review closes without disapproval, the contract becomes binding. From this point, either party’s ability to cancel the deal is limited to the specific contingencies remaining in the contract. Changes after this point require both parties to agree in writing.
Why Sellers Need Their Own Attorney
Many sellers assume the real estate agent handles everything. Agents facilitate the transaction, but they do not provide legal advice and they do not represent your legal interests. Attorney Paolo Bruno ensures your seller-side interests are fully protected — from attorney review through the closing table.
Selling your NJ home? Make sure you’re protected. Contact Bruno Law Group today.
Call: (201) 720-9972 | Email: info@brunolawgroup.com | Visit: brunolawgroup.com
