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A use and occupancy agreement, also known as a U&O agreement, is a legal document that is commonly used when a property owner sells their property to a buyer, but the seller is not yet ready to move out or allow the buyer to take possession of the property. This can occur for several reasons,…

The process of buying or selling a home can be an exciting and overwhelming experience. One of the crucial decisions you will make during this process is whether or not to hire a real estate attorney. If you’re in New Jersey, you might be wondering if it is mandatory to have a real estate attorney…

When buying or selling a home in New Jersey, legal representation is a standard part of the real estate process. An experienced real estate attorney helps manage deadlines, review contracts, address inspection and title issues, and guide the transaction through closing. For many buyers and sellers, the goal is not only legal protection, but predictability…

When it comes to buying a home, there are several factors to consider. One of the most important is financing. Most people need a mortgage to purchase a property, and as part of the mortgage application process, the lender will typically require an appraisal to determine the home’s value and ensure it is a good…

If you are in the process of purchasing a home, you have likely heard of title insurance. This type of insurance protects the buyer and lender from any issues that may arise with the property’s title. While lender’s title insurance is typically required by the lender, owner’s title insurance is optional. In this blog post,…

Private Mortgage Insurance (PMI) is a type of insurance that many homebuyers are required to purchase when they do not have a large enough down payment to secure a conventional mortgage. PMI helps protect the lender in case the borrower defaults on the loan, and is typically required when the down payment is less than…

If you are selling a home in New Jersey and planning to move out of state, it is important to be aware of what is often referred to as the state’s “exit tax.” When New Jersey residents sell their homes and prepare to move out of state, they must pay a standard tax rate on…

When purchasing a home in New Jersey, there are many important considerations to keep in mind, including the need for a property survey. A survey is a recommended part of the home buying process that can help identify any issues with the property’s boundaries or features. In this blog post, we will explore the importance…

If you are buying or selling real estate in New Jersey, you may be wondering about the realty transfer fee. This fee is a tax that is paid to the state when a property is transferred from one owner to another. It is calculated as a percentage of the sale price of the property and…

Title insurance is an important aspect of the real estate transaction process, particularly in the state of New Jersey. In this blog post, we will explore what title insurance is, why it’s important, and how it can protect your investment in a New Jersey property. First, let’s define what title insurance is. In simple terms,…