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PURCHASE and SALE AGREEMENT  Hudson and Marshall  Form

PURCHASE and SALE AGREEMENT Hudson and Marshall Form

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what happens when a purchase agreement expires so first of all let's explain a couple of things um in New York uh we call purchase agreement a contract in other parts of the country it's called a purchase agreement or pns a purchase and sale um and what happens when it expires now nothing really happens when it expires and it doesn't really expire so you got to understand the difference between how real estate is is transacted in New York versus the other states in 49 states a real estate transaction takes place between a buyer and a seller I'm a buyer you're a seller I say hey can buy your house for $300,000 you say yes I would b a contract I sign it my purchase agreement and uh hell we in contract they may have a date on hey my contract expires in a month from now okay in New York that is not how a real estate transaction takes place not even close what happens in New York is a buyer and seller can agree on prize but then the contract takes pla

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