Hamilton, New Jersey Real Estate Attorney
Buying or selling a home is likely to be one of the largest — if not the largest — financial undertakings of your life. It’s an exciting time, but the process can quickly become more costly, complicated, and mentally overwhelming than it needs to be if you lack the proper legal guidance.
Since 1998, Maselli Warren has been helping residents of Hamilton, New Jersey successfully sell and purchase homes. Whether you’re taking on the role of buyer or seller, there are myriad pitfalls to avoid and legal issues to manage throughout the process. These include issues pertaining to home inspection, contractual terms and language, and closing and post-closing stages of residential real estate transactions. With such a huge financial matter on the line, don’t take any chances — call our Hamilton offices at (609) 585-1300, and let’s get the residential real estate ball rolling.
Why Choose Maselli Warren?
Maselli Warren has the knowledge and the expertise to help make sure your buying or selling experience flows smoothly. We provide all of our residential real estate clients with pamphlet guides that help break down the various legal processes and stipulations surrounding buying and selling into terms that can be easily understood and applied. Additionally, we maintain close business relationships with multiple title companies, and can pass the benefits of their services down to you. Whether you’re seeking legal recourse regarding a contract dispute, a closing, or a litigation, Maselli Warren has the resources you need to fight your case.
Contracts have a nasty reputation for being inaccessible, and unfortunately, real estate contracts are no exception. For first-time home buyers in particular, it’s all too easy to become lost in the seas of text, sometimes at the expense of a smooth and successful deal. Chunks of real estate contracts that are especially critical to navigate include mandatory mediation and liquidated damages.
- Mandatory Mediation. It is a requirement of virtually all real estate purchase contracts in the state of New Jersey that, should a disagreement arise, the parties involved make an effort to resolve the dispute via mediation. Ideally, this results in a written agreement between the parties covering escrow and distribution of funds. Mediation is also a required prerequisite to litigation.
- Liquidated Damages. Essentially, if the seller finds the buyer to be acting in violation of the terms of the purchase agreement, the seller is entitled to seek damages. If you are selling property and believe your buyer has breached the contract, you may be entitled to seek damages.
Closing And Litigation
Closing on real estate purchases is a complicated sub-process in and of itself. It involves a variety of documents to be interpreted and signed, including but not limited to:
- Warranty Deed
- Truth in Lending Statement
- Closing Costs
That list is only a small subsection of the documentation associated with a residential real estate closing; and if any of these documents are misinterpreted, it could spell out a major problem for correct and timely completion of the deal.
Litigation is typically a last resort when residential real estate transactions go awry. However, sometimes litigation is unavoidable, and when the issue arises, you need an attorney who can fight aggressively for you.
The need for litigation may arise in instances of:
- breach of contract
- real estate fraud
- undisclosed property defects
- disputes around title insurance coverage
The fact of the matter is, buying and selling a home is not a cut-and-dried process. It takes time, money, and — perhaps most critically — a thorough understanding of real estate law. That’s where we come in. If you’re feeling overwhelmed by paperwork, give our Hamilton offices a call at (609) 585-1300, or visit us in person at 341 Whitehorse Ave. If you have questions, Maselli Warren has answers.