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New Jersey Residential Purchase Agreement

A New Jersey residential purchase agreement is a legal document used to transfer ownership of a residential property. It includes the purchase price, earnest money deposit, closing date, and any contingencies. The seller must make legally required disclosures about property defects prior to the closing date.
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State Laws

Flood Hazard – Per state law, the seller must disclose to the buyer whether the property is located in a FEMA special or moderate risk flood hazard area.[1]

Disclosure of Material Facts – If a seller fails to disclose material facts or hides certain adverse material facts about the property to a buyer, it can be considered fraudulent and subject them to legal action.[2]

Seller’s Disclosures (3)

Seller’s Property Disclosure Statement (optional) – While using a property disclosure form is not required by law, the seller is still legally required to disclose relevant material facts about the property. This form includes the legally required disclosures about flood hazard information.

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Lead-Based Paint Disclosure (conditional) – If a home was built before 1978, the buyer must give the purchaser a disclosure that reveals the possible use of lead-based paint at the residence.[3]

Download: PDF

Lead-Based Paint Pamphlet (conditional) – Gives general information about lead-based paint for properties built before 1978.[4]

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Sample

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