Know your rights ·

I want to make an offer on a home

General information for New Jersey, New York and Washington, DC · Last updated

Quick answer

Understand when you become bound and what conditions protect you before signing or paying.

Do now

Review financing, inspection, appraisal, title, occupancy, deposit, and closing terms. Ask a local real-estate lawyer about any attorney-review provision in the actual contract. Verify the broker and payment recipient independently.

Watch for

Do not assume every NJ transaction has the same review process or that NY/DC offers work identically. An accepted offer, signed contract, and final mortgage approval are different stages.

Official sources

NJDOBI — Real Estate Consumer Information, CFPB — What Is a Loan Estimate?, CFPB — What Is a Closing Disclosure?.

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