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Contract of Sale

Join Walter Burns for an in-depth look at the Contract of Sale used in New Jersey. This educational video covers everything from the legal framework to specific contractual provisions for purchasing properties like single-family homes, multi-family units, and condominiums in Hudson County, Jersey City, and Hoboken. Learn all the essential details, including attorney reviews, deposits, mortgage commitments, and home inspection contingencies, to ensure you are well-informed when making your property offers. ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ Thinking of Moving to Hudson County, NJ? 📱 Call or Text: 347.448.3766 📨 Email: [email protected] 📅 Website: https://www.livingonthehudson.com/ ⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️ FREE RESOURCES: Contract of Sale Resource: https://www.livingonthehudson.com/buy... 🚚 Hudson County Relocation Resources: https://www.livingonthehudson.com/rel... 💰 What Is Your Condo Worth? https://www.livingonthehudson.com/con... ⬆️ Hudson County Market Stats: https://www.livingonthehudson.com/mar... Website: https://www.livingonthehudson.com/ Client Testimonials: https://www.livingonthehudson.com/tes... Subscribe: https://www.youtube.com/@WalterBurns/... 00:09 Introduction to the Contract of Sale in New Jersey 00:42 Legal requirements for different property types 01:11 Realtor representation options in the contract 01:44 Overview of the attorney review period 02:12 Execution and delivery of the contract 03:12 Key details of the parties involved in the transaction 03:43 Purchase price and initial deposit details 04:16 Explanation of additional deposits and financing 05:21 Mortgage terms and commitment timeline 06:21 Closing date and items included in the sale 06:52 Exclusions and occupancy certificates 07:23 Property types and tenant information 07:53 Lead paint disclosures and inspection rights 08:26 Home inspection contingencies 08:57 The importance of home inspections and AS-IS condition 09:56 Negotiating repairs and credits after home inspections 10:30 Seller’s disclosure, flood zone information 11:05 Realtor roles and representation in the transaction 11:31 Brokerage commission details 12:00 Real estate license disclosures 12:32 Additional contractual provisions and contingencies 13:01 Presentation and initialing of the contract 13:35 Final remarks on the contract presentation process #njrealestate #contractofsale #homebuyingnj #realestatelawnj #hudsoncountyrealestate #jerseycityhomes #hobokenrealestate #propertysalenj #homeinspectionnj #realestatecontracts #walterburns #livingonthehudson #buyersguidenj #njcondos #njmultifamilyhomes