What implication does the seller's death have regarding the purchase price?

When a seller passes away after entering into a contract for the sale of real property, the obligation to pay the purchase price does not disappear. Instead, the purchase price becomes part of the seller's estate. This means that the buyer must still fulfill their contractual obligation to pay the purchase price, and those funds will be directed to the seller's estate. The estate is responsible for settling the seller's debts and distributing any remaining assets according to the will or the laws of intestacy if no will exists.

This mechanism allows for the continuity of contractual obligations despite the seller's death, ensuring that the rights and responsibilities related to the contract are honored. In this context, the buyer's payment of the purchase price is necessary for the property transfer to the buyer to be completed, and the estate will then manage those funds.

The other options do not accurately reflect the legal principles at play once a seller dies in relation to a property sale. The purchase price does not become publicly accessible information in the sense described, it does not automatically transfer to the buyer, and it is certainly not voided, as the contract remains valid and enforceable.