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In New Jersey, the buyer and seller often close on the same day ? and at the same table, but this too can vary. There are advantages to having both parties present. For instance, any last-minute issues that might arise can be resolved more quickly with both the buyer and seller present at the closing.

The real estate closing process in New Jersey is a fairly straightforward procedure that follows four major steps?attorney review, inspections, the mortgage process, and the day of closing.

You are not required to have legal representation when buying or selling a property in New Jersey. However, it is important to consider the advantages of enlisting a real estate lawyer, and the potential risks of handling your transaction on your own, before making a decision.

Those in attendance for all or part of the closing are: you, your attorney, your real estate agent, the title company, the Seller's attorney, and the Seller's real estate agent. (Most sellers do not attend the closing.) Your lender also participates in the closing, albeit remotely, via email and telephone.

As the closing date nears, seller's attorney will prepare the new deed, seller's affidavit of title and other closing related documents. Shortly before closing, the lender will prepare the mortgage documents and a list of costs associated with the mortgage.

Sellers do not usually need to be present at a New Jersey closing, so long as all costs are paid and documents are signed. Typically, the buyers will sign the final documents at the office of their title company or escrow agent and pick up the keys.