When a real estate is bought in Hoboken, whether it is a condo or house, there is an order in which some events are meant to be done. At the same time, some factors ought to be considered. In considering Hoboken real estate, it is imperative that one clearly knows what they want and the various features of preference. For those not willing to directly get involved, brokers come into the picture. |
In its most basic sense, one has to first get a pre qualification letter. This can be gotten from a bank or from mortgage brokers. After this, they have to find their dream home, which is followed by the seller accepting their offer. This involves negotiations that border on terms of payment.
A sales contract has to be prepared. This can be prepared by people that are competent, notably lawyers. In this, one should know that agents are not lawyers, at least not all of them. Fortunately, standard sales contract forms are provided by the New Jersey association. This greatly eases the process. The document is meant to get signed by the buyers.
The agent hosting an open house is usually that of the seller. He or she has the responsibility of getting the best possible deals for the property in question. In most states other than New Jersey, the law forbids same agents to represent sellers and work with buyers at the same time. This is because of the conflict of interest that arises.
Once the terms are agreed upon and the sales contract signed, an attorney review begins. This is a three day period required by law in Hoboken in which the lawyers from both sides review the agreements and make changes if need be.
Therefore, in talking about property buying and selling, due care should be taken to follow the law to the letter. This involves adequate research on property and use of qualified personnel for the paperwork.
Re/Max New Jersey (http://www.remax-nj.com) provides Hoboken real estate buyers and sellers with real estate maximums quality professional service.
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