Part 12*: Can the Downpayment on a Residential Contract of Sale in New York be in the Form of a Personal Check?

Depending on the contract, the downpayment on a residential contract of sale in New York be in the form of a personal check. In some cases, the contract may require a certified/cashier’s check. If a personal check is returned for insufficient funds, the contract may allow the Seller to cancel the contract if the purchaser does not deliver funds within a specified period.

*Thank you for taking the time to read this article. This article is part of our “From Contract to Closing; Demystifying NY Residential Real Estate” Series. Other aspects of residential real estate transactions in New York are discussed in other Parts of this series.

For questions about residential real estate law, or general information about our firm, please contact us at (914) 338-8050 or send an e-mail to We look forward to hearing from you.

Betensky Law PLLC
118 N. Bedford Road, Suite 302
Mount Kisco, New York 10549
(914) 338-8050

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