Real Estate Lawyer
You need a law firm that understands that the purchase of a house is often the largest purchase an individual or couple will make during their lifetime. A real estate contract creates an obligation on the Sellers and the Buyers, and it is important that any client of this firm fully understand the nature and extent of these obligations.
Jeffrey B. Gale, Esq. has been closing titles for residential and commercial real estate for over forty (40) years. He has served as outside bank counsel for United Jersey Bank, N.A., is familiar with the requirements of commercial acquisitions and financing and is considered by the Asbury Park Press as Mortgage Law expert.
Attorney Review Clause
A typical residential contract prepared by a real estate broker provides for a three (3) day attorney review period. During the attorney review period you have the opportunity to discuss the contents of the contract with this office and confirm that the written agreement is consistent with your understanding of the transaction.
Often times there are additional concerns expressed by our clients during the attorney review period. These may include:
- An adjustment of the closing date,
- The need for the contract to be contingent upon the sale of the Buyers current home, or
- An understanding as to whether or not the Buyer will be permitted to construct future improvements on the property (an addition to the house, an in ground pool, etc.).
This firm makes every effort to understand ALL of the concerns of our clients and to resolve them in a manner that protects the interests of our clients.
Representing clients in a real estate transaction is more than simply pushing a pile of papers in front of the clients, and telling them to sign their name in the highlighted areas. Representing clients means understanding the documents that you are asking them to sign, and explaining the documents in a manner that allows the clients to understand what they are signing.
Real Estate Contracts
Real Estate contracts are intended to convey title to the property and structures (the house) free and clear of all liens. Most contracts do not contain any representations or promises as your ability to construct future improvements on the property (an addition to the house, an in ground pool, etc.). Municipalities have zoning ordinances in place which limit the areas of permitted construction and which limit the amount (percentage) of permitted lot coverage by impervious surface. If you have any questions relating to future development of the property, you should review these questions with the zoning officer of the municipality in which you are purchasing property before the completion of the attorney review period.
Effective Legal Counsel
The attorneys at Gale & Laughlin have represented a countless numbers buyers and sellers in real estate matters. We make sure that you are informed and satisfied throughout the transaction. Our attorneys are up-to-date on all of the new Real Estate Regulation in the State of New Jersey and are prepared to assist you in your transaction. We handle the buying and selling of real estate throughout Monmouth County, Middlesex County and Ocean County. Contact us today and let our lawyers take care of the contractual obligations.
This information is for general informational purposes only and should not be relied upon as legal advice without consulting with a licensed attorney. This is not intended to substitute for the advice of an attorney. The law is subject to frequent changes and varies from one jurisdiction to another. (c) 2016