Attorney review begins once the Contract is signed by both parties and the fully executed contract is distributed to both parties. It typically lasts three business days, not including weekends. While in Attorney review, the attorneys representing the respective buyer and seller will ensure that all terms are clearly understood and acceptable to both parties. Once all are in agreement, both attorneys’ will approve the contract. It is then a legally binding contract.
It is important to make sure that the real estate agent sends a copy of the executed contract to both attorneys. The attorney review period runs, even if your attorney has not received the contract.
If you have any questions about attorney review, or any other part of the process, please give me a call.
Marty Eagan
Attorney at Law
Morristown, NJ
973-898-7300 x126
