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QUESTION

How long does a buyer of a house have to close on a contract?

Asked on May 04th, 2017 on Real Estate - New York
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1 ANSWER

Sharon M. Siegel
Estate Planning Attorney serving New York, NY
Partner at Siegel & Siegel, P.C.
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Unless the contract has the magic words "time is of the essence" next to the proposed closing date, a buyer has one month beyond the closing date in the contract.
Answered on May 07th, 2017 at 5:44 AM
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