July Closings
Reflecting on the past month. It’s not about closings…..it about people and 35 years of relationships. Our goal is you are our client for life. We are here to navigate one of life’s challenges, the purchase or sale of a home.
Final Walk-Through Problems That Can Delay a New Jersey Real Estate Closing
Most New Jersey real estate transactions move smoothly toward closing, but problems can still arise at the final walk-through. Conducted shortly before closing, the walk-through gives buyers one last opportunity to confirm the property is in the condition required by the contract, that agreed repairs have been completed, and that no new issues have developed. … Final Walk-Through Problems That Can Delay a New Jersey Real Estate Closing
1031 Exchanges in New Jersey: What Real Estate Investors Need to Get Right Before Closing
For many real estate investors, a 1031 exchange is a powerful tool to build wealth. It allows you to sell an investment property, reinvest in another, and defer capital gains taxes—keeping more money working for you. But while the concept sounds simple, the reality is different. 1031 exchanges are detail-driven, deadline-sensitive, and unforgiving if mistakes … 1031 Exchanges in New Jersey: What Real Estate Investors Need to Get Right Before Closing
Selling a Home in New Jersey After the Death of a Spouse: What You Need to Know
Losing a spouse is one of life’s most difficult experiences. If you’re also facing the need to sell a home you owned together, the legal process can feel overwhelming. In New Jersey, the steps you must take depend largely on how the property was titled and whether your spouse had a will. Understanding these factors … Selling a Home in New Jersey After the Death of a Spouse: What You Need to Know
New FinCEN Reporting Rules: What New Jersey Real Estate Buyers and Sellers Need to Know
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has finalized new rules targeting certain all-cash and non-traditional real estate transactions. These regulations are designed to combat money laundering and illicit financial activity in residential real estate. “The Residential Real Estate Rule requires certain professionals involved in real estate closings and settlements to … New FinCEN Reporting Rules: What New Jersey Real Estate Buyers and Sellers Need to Know
How an Unpermitted Garage Conversion Nearly Derailed a New Jersey Home Closing—and How We Saved the Deal
In New Jersey real estate transactions, surprises can surface at the worst possible moment—often just days or weeks before closing. One recent matter our firm handled is a perfect example of how an unpermitted improvement can put an entire deal at risk, and why experienced legal guidance is critical when issues arise. The Problem: An … How an Unpermitted Garage Conversion Nearly Derailed a New Jersey Home Closing—and How We Saved the Deal
Capital Gains Tax: Primary Residence vs. Investment Property in New Jersey
As a real estate closing attorneys, we often see clients combine the tax rules for the home they live in with the rules for the properties they rent out. In New Jersey, the tax treatment of these two asset classes is worlds apart. Understanding whether your property is classified as a principal residence or an … Capital Gains Tax: Primary Residence vs. Investment Property in New Jersey
New Jersey Home Sales: Understanding CCO and Smoke/CO Inspections
When buying or selling a home in New Jersey, two crucial inspections—the Certificate of Continued Occupancy (CCO) and the Smoke Detector/Carbon Monoxide (CO) Inspection—are essential for a smooth closing. These inspections ensure the property meets local safety and maintenance standards. What Are These Inspections? Certificate of Continued Occupancy (CCO): Many municipalities require this when a … New Jersey Home Sales: Understanding CCO and Smoke/CO Inspections
Deed Transfers in New Jersey (Beyond the Typical Sale)
Understanding Deed Transfers A deed transfer is the legal process of moving property ownership from one party to another. In New Jersey, all deeds must meet specific legal requirements, be properly executed (signed and notarized), and recorded with the county clerk where the property is located. Our firm, Riley and Gutman, LLC assists clients with … Deed Transfers in New Jersey (Beyond the Typical Sale)