Attorney review

September 5, 2014

I have never bought a house in New Jersey, so I was floored by the custom of having buyer and seller sign a contract before having their attorneys review it — the review comes after the signing.

I learned about this as the result of helping my mother communicate with her real estate agent and lawyer during the phase in her house sale of negotiating with a prospective buyer.

It was also not intuitively obvious to me during the attorneys’ exchange of negotiating points what provisions survived which rounds of negotiating — this is why we hired someone who is experienced in these things.  And I did actually conduct some residential real estate closings the year I practiced law in Connecticut.  And I have been involved as a purchaser of a house in Massachusetts.  But these customs in NJ have been quite foreign to me.

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