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.”
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