As to Sellers: 1.Improper, incomplete or lack of full disclosure regarding known problems, damage or faults. 2.Understanding the term “As is” as used in a New Jersey real estate transactions. 3.Sellers are always in a hurry to “get out”.

Advice: Full disclosure, handle all problems thoroughly and openly.

As to Buyers:

1.Slow down. There will always be another house for sale. Too many clients judge attorneys on how fast they can close. The question to consider is whether you will be well represented. Real Estate transactions require full and complete treatment and careful review. 2.Do all inspections with qualified inspectors. Look into the history of the property.

3.Do not over-extend yourself. Most important, be aware of your costs before you go to the closing.

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