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Hello. My name is Wendy and I am an attorney. A lot of what options you may have will depend on what the original contract said in terms of when and how it could be cancelled. If there was not a basis to cancel it but you are now bound by another contract, there may be some legal claim the original potential buyer may have against you. But if the contract did allow for cancellation before July and you followed how to do so, then you would likely be pretty safe from legal action. The non-response of the first buyer was undoubtedly frustrating but it may not have been sufficient to undo that contract.
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Generally, if the contract had an automatic expiration in July, and no provision to terminate early, the only way it could be is death of a party or some other similar significant event that could make it impossible to complete any sale.