HOUSE + LOVE = HOME

Homes for Sale
COMING SOON
2 Carole Ct
Lincoln Park, NJ
FOR SALE
6 Stafford Rd
Parisppany, NJ
COMING SOON
2 Robert Pl
Pequannock, NJ
Contact us here for information on these coming soon properties.
The Doug Collinson Real Estate Group welcomes Patricia Mountjoy to our Growing Team

A New Jersey native, Patricia Mountjoy (Patti) spent 37 years in the Randolph school district as a teacher helping students achieve their dreams and aspirations. In addition to teaching, she always had a second love of real estate, owning several rental properties and even completing large construction projects, both on investment properties and her own residence.

She brings a wealth of knowledge in real estate to our fast growing group and we couldn't be happier. "Every experience is an opportunity to learn something new", says Patti. She is hitting the ground running and we love her optimism and passion to help customers find their dream home.
In this issue of "Doug Talks..."

Do I need an Attorney to buy or sell a home in NJ?

In NJ having an attorney is not required. There is a difference in how closings are handled in North Jersey versus South Jersey. If you are in North Jersey it’s customary for an attorney to handle everything in the transaction including title search and handling the closing. If you’re in South Jersey title companies typically handle the closing and title work. Regardless of what part of NJ you are buying or selling a home, here is a list of 5 reasons you should consider hiring an attorney.

Real estate agents can’t give legal advice
Real estate agents can go over the contingencies of a contract but they can’t give legal advice. Only an attorney can advise you on legal matter.

Inspection Negotiations
Attorneys can help in negotiating acceptable inspection terms. Often a well drafted letter from an attorney can be more well received if it is coming from an attorney rather from an agent or home buyer or seller.

Review of contract terms
Your real estate agent will most likely be using standard New Jersey Association of Realtors contract forms. These work well for most homes however every home and circumstance is unique. It’s wise to have an attorney review the terms of the contract during the three day attorney review period once the contracts are fully signed. During this time an attorney can cancel, or revise a contract on behalf of a home buyer or seller.

Review of contract deadlines
Attorneys will also help keep track of important deadlines in a real estate transaction to help ensure your agent does not miss any important deadlines.

Problems at the closing table 
At the day of closing there can be problems. Two of the most common problems are, first is the seller not moving out all their personal items in time for closing and the second is repair issues. Sometimes a new repair issue is discovered at closing. For example the air conditioning is not working properly. An attorney can help successfully negotiate agreeable terms for the buyer and seller and make sure they are legally protected if such a problem would occur at closing.
The "Doug Talks..." section will be featured in our monthly real estate email
and will include articles and/or videos showcasing some aspect of
home improvement, construction, or design.
Mortgage Rate Trends
(Jan 24, 2022 - March 4, 2022)
Sellers: Don't wait to Make Your Move
As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know you’re making a good investment when you buy your new home. What you may not realize is, that opportunity to get the best of both worlds is already here. The current market conditions are an ideal time to move. Here’s why:

1. The Number of Homes on the Market Is Still Low
Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market than there are homes available, and that means buyers are eagerly waiting for your house. Listing your house now...click here to read more.
44 Whippany Rd, Suite 230, Morristown, NJ 07960
Office (973) 539-1120

Doug Collinson Cell: (973) 214-0347
Doug Collinson Email: dtcollinson@gmail.com
Visit our newly updated website: www.DougCollinson.com
Follow us on social media: