Hello everyone welcome to writing a New Jersey contract of sale. All right, the sales contract has 13 pages, commencing with a notice to the buyer and seller. Basically, this notice explains that the client would be advised to hire an attorney in the state of New Jersey. In 99% of the cases, attorneys represent clients in real estate transactions. However, this is not true in all states. There's not much to fill out on this notice, basically you're going to have your client read it on line one here. You are going to in 99% of the cases have you're going to initial the buyer, not the seller. And that's who you're representing. It may also be both the seller and the buyer, depending on your agency relationship at the bottom here. You're going to have the buyer sign it. It is not mandatory that the seller has to fill this out too. Sometimes they will. That's fine. Make sure you put the selling broker here under the buyer and that will be Keller Williams cornerstone and your name under the name of the real estate licensee. Moving on to page 2, I'm going to refer to on the left side of this document I'm going to refer to the numbers, so it's easier to move around and to be more accurate as to where on pointing you there's also I'll call them paragraphs or sections here's section 1 here's section 2, but I'm gonna I'm going to pretty much go with these numbers on the left side of the document, so online 18, 19, 20 we're going to have the buyers names and has room for up to four buyers. That's pretty simple. The buyers address will go on 22 and 24 agrees to purchase from now. This will...
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How to prepare NJ NJAR Form-118 2015-2024
About NJ NJAR Form-118 2012
NJAR Form-118 2024 is a document used in real estate transactions in the state of New Jersey. It is a Seller's Property Condition Disclosure Statement, which requires sellers to disclose any known material defects or issues with a property. This form is provided to potential buyers to help them make informed decisions about purchasing a property. The NJAR Form-118 2024 is typically needed by sellers who are listing their property for sale in New Jersey. They are required by law to complete this form and provide it to potential buyers during the sales process. The form helps to ensure transparency and protect buyers from purchasing a property without being aware of any significant issues or defects.
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