What is The Time is of the Essence Clause in NYC?

What is time is of the essence as it relates to real estate transactions? What happens in practice for re-sales vs new construction deals in NYC? We’ll explain what buyers and sellers need to know about the time is of the essence clause and show you a sample sponsor closing notice with time is of the essence language in this article.

What is Time is of the Essence?

What is Time is of the Essence Clause in NYC Real Estate?

What Constitutes Of the Essence?

Time is of the Essence for Re-Sales

Hauseit NYC Buyer Closing Credit | Save Money When Buying a Condo, Co-op or House in New York City

Time is of the Essence for New Developments

Buying a Condo Apartment in NYC — The Complete Buyer’s Guide (2018) | Hauseit New York City

Sponsor’s Notice to Close

Time is of the Essence Clause for New Construction

NYC Closing Costs for Buyers — What are Estimated Closing Costs for Buyers in New York City?

Be Ready to Close

Save money when buying and selling real estate in NY and FL with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. www.hauseit.com