Barbara Strapp Nelson, Shareholder and member of Stark & Stark’s Real Estate Group, authored the article “What Buyers Should Know Before Signing a Contract,” published on May 22, 2013 in U.S.1.
The article discusses what buyers should be aware of before entering into a contract of purchase. Ms. Nelson talks about the differences between a deposit and downpayment, as well as what occurs during the three-day attorney review of a realtor-prepared contract. She discusses what the “mansion tax” is in New Jersey, as well as costs associated with inspections.
Ms. Nelson explains, “Generally, a buyer’s realtor or attorney can help guide the buyer through this process and alert the buyer to these decisions concerning their obligations and responsibilities.”
To read the full article, click here.
