L
land
Guest
in texas, my wife and i are selling land. we are not using a realtor. we signed a contract with no closing date written, only a verbal agreement that we would be able to pencil in a date and other specifications, if necessary, in the future. we were told that the closing would probably occur within a month and a half, at most; he only needed time for the city to approve the homes he was planning to build, no re-zoning necessary. we decided we would be willing to work with him on that. we left the closing date field blank, but when we recv'd our copy of the contract, a notation had been added..."within 5 days of recording final plat". we made note of this but did not question it, assuming the final plat would be recorded within the first month and a half.
at this point, three months have passed and the buyer does not want to settle on a closing date. he claims that the plat cannot be recorded; the engineer is running into drainage problems which the city is not approving.
are we indefinitely locked into this contract?
this evening, i began to look everything over and noticed there WAS a date put on the number of days in which a survey would be drawn...being 30 days. the buyer did not actually get the land surveyed until two months had passed. if we needed to, could we use this simple break in the contract to terminate the whole binding?
thanks.
at this point, three months have passed and the buyer does not want to settle on a closing date. he claims that the plat cannot be recorded; the engineer is running into drainage problems which the city is not approving.
are we indefinitely locked into this contract?
this evening, i began to look everything over and noticed there WAS a date put on the number of days in which a survey would be drawn...being 30 days. the buyer did not actually get the land surveyed until two months had passed. if we needed to, could we use this simple break in the contract to terminate the whole binding?
thanks.