Typically in NJ we do not refer to square footage in a house listing. The reason for this is there is no "rule of thumb" that every agent follows. I've seem agents take the measurements of the outside of the home as well as others that include basements and garages. In short, there was a law su
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07/26/2010
An agent can not negotiate a buyer rebate. It must be granted by the broker BEFORE the relationship begins. This law was not passed for agents to give back their hard earned money but to allow discount brokers to compete in the state like Redfin and the old Foxtons models. I don't think we will s
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07/18/2010
You can ask your agent to give you a signed sheet from the seller that your offer was rejected. I often ask the seller to sign the front page of an offer as "rejected" for proof of presentation. I don't know your agent but I highly doubt that a good agent would risk their license by not presentin
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07/08/2010
Recently I signed a purchase contract for a house. The seller came back saying per NJ law there is a grace period of closing dates up to 10 days, which gives them the right to postpone the closing date. Yes, it true. "on or about" is interpreted as 10 days in either direction. Ask your attorney a
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07/08/2010