Understanding Attorney Review in New Jersey: What Buyers Need to Know

Understanding Attorney Review in New Jersey: What Buyers Need to Know

If you’re buying a home in New Jersey, you may have heard about the “attorney review” period—but what exactly is it, and why is it so important?

What is Attorney Review?

In NJ, real estate contracts signed between buyers and sellers typically include a three-day attorney review period. During this time, both parties’ attorneys can review and modify the contract. Either party can cancel the contract without penalty, making this phase a crucial safeguard for buyers.

Why It Matters

Many buyers don’t realize that once attorney review begins, negotiations can still happen. Your attorney can add protections, clarify terms, and even negotiate contingencies that benefit you. Until review is completed, the home can still be shown to other buyers, meaning another offer could come in and change the deal.

Key Takeaway

Work with an experienced real estate attorney to move through this period efficiently and protect your interests. The sooner you complete attorney review, the sooner you lock in your contract!