Attorney Review

In a realtor prepared real estate contract, “attorney review” refers to a 3-day period where both the buyer and seller have the right to consult with an attorney. Either party can cancel the contract for any reason by having an attorney send a “notice of disapproval”. Rather than cancel the contract, it is typical that the attorneys review the terms of the contract, make any necessary changes, and communicate them with the other party in the transaction for approval.

What happens during those three days?

The three-day attorney review period begins when both the buyer and seller receive a copy of the signed contract of sale. Weekends and holidays do not count towards the three days. The 3-day period begins the business day after both parties receive the signed contract. If neither party wants to have an attorney review the contract, it becomes binding as written after the 3 day period. However, it is highly recommended to take advantage of this period and hire a real estate attorney.

Why do you need a real estate attorney to review your contract?

It is imperative to have a qualified, experienced real estate lawyer review your contracts. Your attorney’s job is to ensure your interests in the property are being protected. In New Jersey, there is a “standard” contract used by most real estate brokers and agents. However, it does not always fit every situation. An attorney can identify any inappropriate provisions in your agreement and tailor the contract towards your interests. The purchase of a home is probably one of, if not the most, significant financial transactions you will undertake in your lifetime. With that in mind, it is imperative to hire a real estate attorney who will keep your best interests in mind.

Our experienced real estate legal team works tirelessly to ensure that your interests are being looked after fairly and legally in all home purchases and sales. Do not hesitate to reach out to us with any questions..

Frank Iacono

1731699191

Our closing was on time and all went smoothly. Everyone was friendly and helpful to work with.

P D

1724263364

Today was our 2nd closing with Michael, he and the team did a great job throughout the buying process and we highly recommend them!

David Faust

1719066670

I have been working together with Riley & Gutman for over 15 years, on a myriad of real estate deals, many with challenges, all of which were brought to fruition. Lawyer Michael Gutman and his staff are consistently professional, responsive, and diligent with follow-ups (which are often the key to success. He is particularly creative during negotiations, and excels in representing his clients' interests while simultaneously maintaining a sense of fairness. If you are considering choice of a real estate lawyer, do not hesitate for a moment to go with Riley and Gutman - wholeheartedly recommend them.

michelle lostocco

1715198198

Working with Riley and Gutman LLC was easy and ✨magical✨definitely recommend!

Brad S

1714151131

They know what they are doing and are great people too!

Merita Gorenca

1713138564

Micheal and Todd have been extremely helpful throughout our whole journey. They truly had our best interest at heart. Professional, dedicated and loyal. There paralegals were also very knowledgeable and kind from start to finish. Highly recommend them for all your real estate needs.

Richard Diaz

1712075119

Great lawyer. Been using them for years not only personally but when I was an agent too. Use them. You will be happy.

Peter Finnk

1706133403

Michael and his team made the process of purchasing our home extremely smooth! The team is extremely informative and responsive! Thank you guys!

Bernard Teichman

1701798422

It's common knowledge that a Real Estate transaction may represent one of the most expensive transactions a person may do in their lifetime. Whether you are buying or selling Real Estate, having experienced & well-organized legal representation is extremely important. I have seen the work ethic of everyone in this office and recommend them without reservation.

Rich Gribble

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Julia Zalesov

1685391876

We just closed on our new home and we are so happy that we had Michael and his team navigate us through the process of selling and buying.Michael, Todd and Jennie are very knowledgeable, experienced and dedicated. They were always on top of everything, addressed all our concerns, were very patient and friendly. They were always just a phone call away for all of our questions.I interviewed a few attorneys before choosing Michael's office and we definitely made the right choice. I would recommend them in a heartbeat!

L Robinson

1668103034

I have nothing but over the top raves for this attorney, who specializes in real estate transactions. As a mortgage loan officer for close to 15 years and real estate investor, I have been on both sides of the coin many times over.. so, for me to say that this office stands out as the best of the best, it truly means a lot.From the time that I made contact with this practice, it was a white glove experience, from the intro call with Michael Gutman himself, to his associate Todd, going above and beyond to help me with a matter connected to our transaction, and their star legal assistant, Jennie, who was an absolute gem... I would HIGHLY recommend and refer their office to anyone who thinking of selling or buying.They showed that I wasn't just another deal, they truly care and I thank them for making a somewhat challenging transaction, as smooth as possible.

Jie Ma

1639377744

Michael and his team, Todd and Jennie are great people and provided excellent legal advice and service for my real estate transaction. They are super responsive and very patient to explain everything clearly to me before and during closing. I will go to them again for my next real estate transaction for sure. Oh, ask Michael to show you his coin magic trick when you at closing, you wouldn't be disappointed : )

Wayne Cordi

1635558289

I retained the services of Michael Gutman over the summer for two closings (purchase and sale) and the process could not have been smoother. Michael and his paralegal Jennie responded immediately to every single question/concern I had and addressed them with the utmost attention to detail. When my mortgage company was not meeting their obligations in a timely fashion and was putting a very strict close date in jeopardy, Michael connected me with a mortgage broker who was also a pleasure to work with and put us on track for a timely close - and also got me a better deal. In regards to Michael’s team, they are all top performers. I dealt very closely with Jennie who is the salt of the earth. No matter how many times I called or emailed, she was incredibly responsive and could not have been more courteous. I highly recommend Mr. Gutman and his team for all real estate legal needs.

Joan Amoroso

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ismael diaz

1621019642

MichaelI just wanted to thank you, Denise and our entire staff for the great job you've done in representing my wife and I in the selling of both our homes.We could not have be happier with the prompt and professional service that was rendered. We appreciate all the information you provided to us during the transition process.We will be gladly recommend your firm to anyone we know in need of your services.Ismael Diaz

Richie VanVelson

1618671554

MichaelThank you for your help in helping us sell our home. Your staff was extremely helpful. Denise Remeta was wonderful with giving insight and counsel. You made the closing go perfectly. We are grateful for your help. We would recommend your firm to anyone in need of assistance in selling their home.Thanks again,Rich and Jean Van Velson

Joe B

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James Helms

1616716841

Incredible attorney.

Colleen

1614604971

3/1/21 Michael Gutman, Real Estate Attorney, is that guiding light you want all of your clients to have. Solid advice. A pleasure to work with.Michael Gutman, Esq. has been an invaluable resource. I have referred numerous clients of which were very pleased with his through review and responsiveness.

Gregory “SS396” Silk

1610501034

Pete Denver

1607734376

Basically sold a home over the phone and email.Great folks to deal with, I contacted them and was advised on what I needed to do,40 days later it was a done deal. Went to the office one time for less than an hour. I highly recommend this law firm.

Alanna M

1605149151

Michael Gutman, Denise and Anna were an amazing team! They all made me feel so comfortable through the process of buying my first home. They were informative, helpful, and kind. Would 100% recommend Michael Gutman as a real estate attorney for anyone.

JAY SINCOFF C.P.A.

1603660401

Excellent Attorney . He is definitely on your side, and represents you 10 stars.

Vivek Punit

1603395202

After reaching out to multiple real estate attorneys and getting no responses from them, I found Riley & Gutman, Esq.From day-1 of my interaction with Mr. Gutman, I felt very confident that I found the right attorney who would guide me and assist with this whole process of purchasing the property. He and his team (Jennie) are extremely knowledgeable about the real estate sale/purchase, they explained to me in detail the whole process and were very prompt in responding to each and every question of mine via phone calls and emails. They made sure all my concerns were addressed and the sales contract included all the right clauses to protect me as a buyer. They ask me to do all the due diligence on the property such as - survey, oil-tank scan, title search, getting OPRA from township etc.Mr. Gutman's fees are very reasonable as compared to other attorneys. He did not ask for any advance payment. I only paid him on the day of the closing. There were no hidden costs added to the original amount (I have heard of many attorney's quoting a low fee to attract clients and in the end they hand out a big fat bill with many hidden charges!).Overall a great experience and I highly recommend Riley & Gutman. They are the best!

JD Mason

1600796995

He’s a very professional attorney who makes you feel like your his only client. Very patient & extremely helpful. I highly recommend him!!!

Matthew Levine

1589416272

During such an unprecedented time in COVID-19, Michael and his team stepped up to the plate and went to war for me (I had sellers that where very frustrated with the delays COVID-19 had caused...I know.... reasonable people). With all the threats and nonsense, Michael and his team where always optimistic in a time where they themselves had other clients with problems and dealing personally with our new way of life.I highly recommend Michael and his team if you are in need of a real estate lawyer. Michael was always very responsive and the same goes for his team. He would even take time out during late evenings to call or text to ensure that we were comfortable and understanding of what was going on.We couldn't be happier.

George W

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Jim Meyer

1579576592

Personal attention to detail!!

Kristina Teixeira

1575515421

I honestly wish I could give 10 stars! Thank you so much for making this process so easy for us!

Luis Torres

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Jim Goetz, NBCE, CSCS

1574343481

MIchael is a wonderful person and very dedicated to working with you and ensuring the smoothest of transitions as possible.

Joseph Buteau

1568305218

Thomas Nastro

1556905830

Hired Michael Gutman for my home purchase. I'd give 10 stars if I could. Best attorney.

William Caldwell

1556891509

Attorney Michael L. Gutman, and his staff provided excellent service with the sell of my house. Mr. Gutman himself, as well as his paralegal, Denise, and office staff Sharon, were always available to answer my questions, and to guide me through the decision making process.From my past I learned to avoid those attorneys who practice multiple laws -- from criminal cases to labor relations, from divorce matters to real estate. They get so distracted by higher priority cases (and higher profit margins), that they would place me (and other buyers/sellers of properties) at the bottom of their clients list. So, my advice to you -- look for lawyers who specialize in real estate only. And in that universe, Michael L. Gutman, Esq. and his winning team are shining stars!

todd sablofsky

1550287018

Our Family just closed on our 1st home purchase. We are so fortunate to have been represented by Michael Gutman and Demise Renata of the Law offices of Riley and Gutman.All they do is Real estate. They guided us through every step of the home buying process and made us feel at ease. They were always looking out for our best interest and made sure we were buying a safe home. They were super responsive to any questions along the way. I would highly recommend them! And would use them again for a home purchase or sale. Denise Remata ( legal secretary ) went above and beyond for us! Great job! You Rock! Thanks again. Todd

Teresa Morrone

1545090428

Great real Estate Attorney. My whole family uses him. Great staff and plenty of personal attention. He always answers calls or returns calls asap if he's busy with another client.

Joseph Baek

1535990187

As a first time home buyer, I am a demanding customer with a lot of 'what-if' questions with uncertainties and doubt.Michael and his associates(with a lot of experience and knowledge) went extra miles to provide consultation over the phone and email to clarify my options, and help me making decisions.I know some lawyers may charge less than what Michael does, but I am really glad that I worked with Michael because he saved me overall money and time.Here's my 2 cents : During the contract, if there's question or doubt, consult with Michael because he will try to understand your issue and provide a valuable suggestion for you. Home buying is a long-term investment, you should use the best team out there.I am definitely going to recommend Michael to my friends and family.

Jessica Ligon

1533177868

Sooo glad we found Michael Gutman, he was wonderful! He helped us through a dual agent transaction (us being the buyer). Michael advocated for us and got us exactly what we needed to close on time. He truly went above and beyond what we could have ever expected! We will be recommending all of our friends and family to Riley and Gutman and plan on using them again in any future realistate transactions! Thanks again Michael we couldn’t have done this with out your help!!

Sandy Rath

1519843773

Michael and his team deserve every one of the five stars we have given them. This was not an easy real estate transaction. There were issues galore and the Gutman Law Firm handled each one with professionalism, experience, care and understanding. Michael was available to us 24/7 and went above and beyond anything we expected to get this closing done. We cannot thank you enough and we highly recommend your services to anyone needing a real estate attorney. Thank you again!

Rebecca Fine

1518039132

Michael was the first name I pulled up on Google. Though my case was not his area of expertise, he took the time to listen to my situation and was immensely helpful in providing me with an excellent referral.

Heather Bishop

1509740079

What an amazing place to work with! We recently worked with this office while buying a new home. As first time home owners there were alot of questions and the entire staff was so willing to help, and they were friendly on top of it! Every phone call was answered right away, emails were responded to within minutes. I can say they really made this process so much easier then it could have been. I would definitely recommend them!

Kim W.

1503062645

I can not say enough about Micheal and his dynamic team. Everyone is more than competent to take on the workload of the office from start to finish. Effective, Prompt, Courteous are just a few words that come to mind when describing the service that they provided for/to me and the day that I decided on Riley and Gutman to represent me, was the best day of my process.

Jong Lee

1486083201

Known Michael over 4 transactions. Always on his A game. This last sale was "trying". Much thanks to Jennie for her insights. Denise M. was also super efficient on the closing.Michael you have a great team. Thanks!!

Tammie Clark

1457370529

I obtained Michael Gutman twice for the sale of my homes. He is superb, and all of his office staff. I was extremely pleased. If you're looking for a real estate attorney, who is very knowledgable, professional, yet down to earth, than Michael Gutman is your man. Plus, anytime I needed his advice, or help from his office staff, they were always available, or called me back in a timely manner. You won't be disappointed, I can assure you!