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Does a sales contract terminate if the buyer misses the closing date?

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A man and woman pulling a for sale sign with a sold rider on it with a child running in the background

01/06/2017 | Author: TAR Legal Staff

Callers to the TAR Legal Hotline sometimes presume that a sales contract automatically terminates when a buyer misses the closing date. While it is true that the seller has a right to terminate the contract when a buyer is in default, a buyer may not be in default for failing to strictly comply with the closing date. When representing a client in this situation, you should always recommend that the client seek legal counsel in determining how to proceed.

Categories: Legal
Tags: legal, closing date, terminate contract, contracts

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on Any legal or other information found here, on, or at other sites to which we link, should be verified before it is relied upon.

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