Real Estate Purchase Agreement Template - New Jersey

A New Jersey Real Estate Purchase Agreement is a contract between parties who wish to implement a transaction concerning real estate. This document includes a property description, its location, and purchase price. An agreement must also involve the responsibility of the parties about disclosures. A seller must provide a purchaser with all disclosures, including a preliminary title report, and the purchaser should review and approve them.

Specify that the vendor has to disclose to the purchaser in writing any defects in the property known to them. The purchaser is obliged under this agreement to implement a property inspection and may bring in any consultants for this purpose. The vendor has to provide access to the real estate to make the inspection. If the purchaser is not satisfied with the property condition, they must deliver to the seller a written notification about it. Indicate that the parties should reach an agreement regarding fixing all unsatisfactory conditions.

New Jersey does not provide an official Real Estate Purchase Agreement for those looking to buy real estate. Make your own New Jersey Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.

Even though New Jersey is a "buyer beware" state, the State court does enforce the "common law" requirement that buyers be informed about known property defects. A Property Disclosure Statement (§ 46:3C-10) may be used to satisfy this purpose and should be presented to a buyer before a real estate transaction takes place. Also, a filled-out and notarized Lead Disclosure is required for all residential properties built before 1978.