Every real estate contract includes a provision for a date by which closing has to occur. But the vast majority of real estate transactions do not close on the contract closing date.

In a real estate transaction, the title company is paid to ensure that the seller has actual ownership of the property being sold and that there are no issues with the title being passed.

In most real estate transactions in New Jersey, a buyer has an opportunity to conduct home inspections to be aware of the condition of the property.

When a lender is involved in a real estate transaction, they will require an appraisal of the home being purchased be conducted in order to ensure that the mortgage amount is justified by the overall value of the home.

Purchasing a home is one of the biggest purchases a person can make in a lifetime. It is important for a home buyer to be aware of the condition of the home before a purchase.