Does anyone know how long it takes to close and get paid, when you sell your mineral rights after signing PSA? The title is all clear and up to date.
Usually it's around 30 days. It's possible Hurricane Harvey could be affecting things.
You could also put a closing date on your PSA.
That is usually stated in the Purchase Agreement, I have set closing dates of anywhere from 30 - 180 days, depending on the complexity of the transaction.
If the terms of a PSA don't have a drop dead date, it isn't a legitimate PSA. Payment may depend on how long it takes to flip or open title negotiations.
Gary L Hutchinson