do i have 72 hours to back out of a land contract in WV

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do i have 72 hours to back out of a land contract in WV

I want to buy a tract of land in wv . They want a signed contract today or property will list . I need to walk property to make sure it is what I want so if I sign today can I legally get out with in 72 hours .

Asked on August 27, 2016 under Real Estate Law, Alaska

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

No, you cannot. If you make an offer, you can withdraw or rescind it *before* the seller accepts; but if they accept it--e.g. they ask for a signed contract, and you sign; they clearly accepted in that case--you are bound from the moment you sign unless the contract itself contains some rescission period or provision and you properly exercise it within the defined time frame.


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