Selling your home in New Jersey? The journey from accepting an offer to handing over the keys is filled with critical steps. Understanding this process can make the difference between a smooth transaction and potential hurdles.
In my latest North Jersey Lifestyle Show episode, I break down this journey into digestible steps, ensuring you’re prepared for what lies ahead. Watch the episode here: From Contract to Closing: Essential Steps for NJ Home Sellers
The Beginning: Accepting an Offer
The moment you accept an offer on your New Jersey home, the real estate transaction process kicks off. But what happens next isn’t just a countdown to closing day; it’s a series of important steps that require your attention and understanding.
Attorney Review: Your Safety Net
Unique to New Jersey and perhaps some other states but not all, the attorney review period is your first major step after accepting an offer. This is where both the buyer’s and seller’s attorneys review, adjust, and agree on the contract terms. Lasting typically three days, this period can extend depending on negotiations. It’s a crucial time for legal experts to ensure all agreements are fair and protect the interests of both parties.
Beyond Attorney Review: The Path to Closing
After the attorney review concludes and you’re officially under contract, what comes next? Home inspections, appraisals, and the buyer’s mortgage approval are all on the horizon. For you, the seller, this might mean making agreed-upon repairs or adjustments to your home. This period is all about compliance and preparation for the final closing.
Communication with your real estate agent and attorney is key during this time. We will guide you through each phase, from the home inspection to the final walkthrough, ensuring everything goes as smoothly as possible.
The Conclusion: A Successful Closing
The journey from contract to closing is a partnership aimed at securing the best possible outcome for you, the seller. By understanding each step and preparing accordingly, you can navigate this process with confidence and ease.
I know that selling your home can be a significant life event, and I’m here to help make it as stress-free as possible. For more insights into the New Jersey real estate market and tips for home sellers, subscribe to my YouTube channel here and stay updated with the North Jersey Lifestyle Show.