What sellers can expect
Selling a home in New Jersey involves dozens of documents, deadlines, and decisions. This guide breaks down each stage so you understand what is required and when. Work closely with your real estate attorney to anticipate issues before they become delays.
1. Prepare the contract package
Once you accept an offer, your agent circulates the fully executed contract. Confirm that the buyer's information, purchase price, and inclusions are accurate. Provide your attorney with the listing agreement, disclosure forms, and the buyer's attorney contact details.
2. Complete attorney review
Attorney review typically lasts three business days. During this period either attorney can cancel the contract. Your lawyer will send a review letter clarifying contingencies, inspection rights, and timelines. Respond promptly to feedback so the contract can be finalized.
3. Coordinate inspections & repairs
The buyers will schedule home, radon, termite, and other inspections. Expect repair requests shortly afterward. Evaluate each request with your attorney and agent. Decide whether to make repairs, issue credits, or negotiate a compromise consistent with contract obligations.
4. Gather payoff & closing figures
Contact your mortgage servicer for an updated payoff letter. Collect invoices for outstanding utility, HOA, and property tax amounts. Provide these totals to the settlement agent so the closing disclosure accurately reflects your net proceeds.
5. Schedule the final walk-through
Buyers usually perform a walk-through 24 hours before closing. Ensure the property is broom-clean and all agreed-upon items remain. Leave behind keys, garage door openers, appliance manuals, and receipts for any repair commitments.
6. Attend closing or sign remotely
At closing you will sign the deed, affidavit of title, and other transfer forms. Bring government-issued identification and any original documents requested by the title company. Remote closings may allow for notarized documents ahead of time with proceeds wired after funding.
FAQs sellers ask us
- How long does a typical closing take?
- Contract-to-closing often ranges from 45 to 60 days, depending on mortgage underwriting and inspection negotiation timelines.
- Can I stay in the home after closing?
- Use-occupancy or post-closing possession requires a written agreement outlining rent, insurance, and security terms. Discuss this with your attorney early.
- What happens if the buyer needs an extension?
- Extensions should be documented in writing and may carry per-diem fees. Your attorney will weigh the request against contract remedies.