The New Jersey Attorney Review Period Explained: What Buyers and Sellers Need to Know

Summary

The attorney review period is one of the most misunderstood aspects of New Jersey real estate. This guide explains how it works, why it exists, and how buyers and sellers can protect themselves during this critical window.

What Is Attorney Review
Why New Jersey Uses Attorney Review
How the Timeline Works
What Attorneys Can Change
Risks During Attorney Review
Buyer vs. Seller Strategy
Common Mistakes
Final Thoughts

1. What Is Attorney Review

After a contract is signed in New Jersey, both parties enter a short attorney review period allowing legal counsel to approve, modify, or cancel the agreement.

2. Why New Jersey Uses Attorney Review

This system protects consumers by ensuring contracts are legally sound before becoming binding — unlike states where signatures immediately lock parties in.

3. How the Timeline Works

Typically lasting three business days, the period begins once both sides receive signed contracts. Missed deadlines can have serious consequences.

4. What Attorneys Can Change

Attorneys may modify:

Inspection language
Financing contingencies
Closing timelines
Legal protections

5. Risks During Attorney Review

Deals can fall apart due to:

Poor communication
Unrealistic expectations
Inadequate legal strategy

6. Buyer vs. Seller Strategy

Buyers use attorney review to strengthen protections. Sellers use it to limit exposure and preserve deal certainty.

7. Common Mistakes

Treating attorney review as a formality
Making aggressive demands without strategy
Failing to understand termination rights

8. Final Thoughts

Attorney review is a powerful tool — when used properly. Understanding it protects both money and peace of mind.