The attorney review period is a unique New Jersey safeguard that protects buyers and sellers in real estate transactions, including New Brunswick's balanced market (medians ~$440,000, 73 days on market as of late 2025). I've navigated this phase for hundreds of clients—it's your critical window to refine or exit the deal safely.
Here's what happens:
- Timeline: Starts when both parties sign the contract (realtor-prepared). Lasts three business days (excluding weekends/holidays)—e.g., if signed Friday, begins Monday and ends Wednesday at midnight.
- Review & Negotiation: Your attorney examines terms (price, contingencies, repairs). They propose changes, additions (e.g., radon testing), or deletions. Attorneys negotiate back-and-forth; common tweaks include credits or timelines.
- Outcomes:
- No changes/disapproval: Contract binds automatically.
- Approval (explicit or implied): Proceeds to "under contract."
- Disapproval (written notice): Cancels deal—no penalty, deposit returned.
- Post-Review: Inspections, appraisals, financing contingencies kick in.
Tverdov ensure smooth reviews—call (732) 344-0701.
