In a New York real estate transaction, an appraisal can either move a deal forward or bring it to a sudden halt. Buyers and sellers often assume that once a contract is signed, the hardest part is over. In reality, appraisal problems are one of the most common reasons real estate deals in Long Island […]

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In New York real estate transactions, deadlines matter—but not all deadlines carry the same legal weight. One phrase in particular can dramatically change the outcome of a delayed closing: “time is of the essence.” Buyers and sellers often see this language in contracts or pre-closing notices without fully understanding its consequences. In practice, a time […]

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