James Miner's (jamesminer) Blog

After Opinion 710 turned the NJ real estate community upside-down, the following "clarification" was issued. For a clear and current answer regarding concessions, be sure to consult a real estate attorney if you plan to proceed a with seller concession. NOTICE TO THE BARClarification of Advisory ...

Seller concessions allow the parties to a real estate contract to increase the sale price of the home so that the seller can credit the increase amount back to the buyer at closing.  The buyer can use the concession amount to cover her closing costs.  In May, 2007 the Supreme Court of NJ issued a...

My first post on this blog deals with one of the most challenging aspects of buying a home.... arranging the mortgage financing.   Now more than ever it is imperative that buyers choose their mortgage lender wisely.It is understandable that when shopping for any goods or services, you want to rec...