New Jersey Residential Purchase and Sale Agreement

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New Jersey Residential Purchase and Sale Agreement

The New Jersey residential purchase and sale agreement is used when a buyer wishes to enter into a legally binding agreement with a seller to purchase the seller’s residential property. The buyer uses this document to make an offer, and the seller has the right to review and request as many changes as they require before signing it, or they may refuse the offer outright.

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Last updated May 15th, 2025

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The New Jersey residential purchase and sale agreement is used when a buyer wishes to enter into a legally binding agreement with a seller to purchase the seller’s residential property. The buyer uses this document to make an offer, and the seller has the right to review and request as many changes as they require before signing it, or they may refuse the offer outright.

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Contents

Realtor Version

New Jersey Contract of Sale – This form was created by the New Jersey Association of Realtors and may be used by New Jersey real estate brokers to complete real estate transactions for one (1) to four (4) family residential properties as well as vacant one (1) family lots.

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Required Disclosures (3)
1) Lead-Based Paint

The seller of any home that was constructed prior to 1978 must provide to prospective buyers a disclosure indicating the presence or lack thereof of toxic paint on the premises.

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2) Off-Site Conditions

The seller of a newly constructed property must notify potential buyers of the availability of lists detailing any off-site conditions that may affect the value of the property.

3) Property Disclosure Statement

This optional document may be used to inform potential buyers of any known material defects or issues with the property they intend to purchase.

Buyer Beware

Statutes: § 46:3C-10(c)

The state of New Jersey is considered a “Buyer Beware” state, which means neither the seller nor their agent is legally required to disclose any defects on the property and that the buyer alone is responsible for discovering any defects or issues with the property.