Resources
How New Jersey real estate actually works
The state-specific mechanics, in one place.
Attorney review
A three-business-day period following full execution of a realtor-form contract, during which either party's attorney may disapprove and propose changes. Both sides retain their own attorney. The contract becomes binding when review concludes.
Agency disclosure
New Jersey requires licensees to explain the available business relationships — seller's agent, buyer's agent, disclosed dual agent and transaction broker — at first meaningful contact, before confidential information is exchanged.
Inspections
General inspection plus, commonly, radon, wood-destroying insect, underground storage tank sweep, and well and septic testing where applicable. Findings are negotiated within contract timeframes; sellers are not automatically obligated to repair.
Smoke, CO and fire extinguisher certification
Required statewide before a residential sale closes, issued by the local fire official. Many municipalities separately require a resale certificate of occupancy inspection with its own requirements and fees.
Realty transfer fee and mansion tax
New Jersey imposes a realty transfer fee generally paid by the seller, with certain exemptions and reductions, and an additional fee on certain higher-priced residential transfers generally paid by the buyer. Non-resident sellers may face additional withholding. Rates and thresholds are statutory and change — confirm current figures with your attorney or accountant.
Title and survey
A title search reviews the chain of title, liens and judgments; title insurance protects against defects a search does not reveal. A survey may confirm boundaries, encroachments and improvements.
Flood zones
Flood designation affects insurance cost and can affect financing. Along the bay, the rivers and the barrier island this is a primary due-diligence item, not a footnote.
Not legal advice
This is a general overview of common practice, not legal advice, and practice varies by county, contract and circumstance. Consult a New Jersey attorney about your own transaction.