In New York, you can get out of a real estate contract if the contract includes valid contingencies, such as inspection, financing, appraisal, title, or other agreed‑upon conditions, and those contingencies are not satisfied or properly exercised by their deadlines, giving you a contractual right to terminate. You also may cancel during any attorney review period provided in the contract if both parties agree to end the deal during that time.
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The information for this answer was found on our New York Real Estate Purchase Agreement answers.