Legal Question in Real Estate Law in Pennsylvania

This does not compute.

Privity is a concept in contracts. It usually arises where a manufacturer makes a product which he sells to a distributor or retailer who then sells to the consumer. Because the consumer did not have an express relationship with the manufacturer, the consumer could not sue the manufacturer for any harm caused by a defective product. This concept has been altered by caselaw.

Since you have posted in real estate I assume you do not mean privity within the above meaning.

What kind of "settlement" are you talking about? A real estate closing? Or settlement of an estate? If its a real estate closing it can be as fast as the buyer and seller can agree, but it may take extra time if any third-parties are involved or there are inspections to be done.

There are a whole lot of facts involved which you do not address. What kind of property is this? Vacant land? Commercial? Residential? Farmland? Who is the seller? Who is the buyer? What is the purchase price? How will the price be paid - in cash? Through a mortgage? If a mortgage is involved with a traditional lender, has the buyer pre-qualified? The lender will still require a title search to finalize the deal. If this is residential, has the buyer inspected the property or are there any contingencies? If commercial property, any buyer is going to want to do due diligence and maker sure the property is not polluted or contaminated. Nobody wants to buy property needing environmental cleanup. What about mineral rights? Are these included in the sale? Or have those already been sold off?

If this is an estate, is the estate selling the land? Or are you a beneficiary or someone who will be buying the land from a beneficiary? Most estates are settled withing 1-2 years depending on size and complexity and other factors (like a will caveat or claim which must be litigated) but land can be sold before an estate is settled.

Since your question makes no sense I suggest that you either re-post with the relevant details or you go and see a real estate attorney who practices in the county where the land is located. If you are the buyer, you definitely need a lawyer to prepare a new deed and do a title search. If one has not been done, you need to submit a formal offer to purchase agreement as well and this has to be signed by the seller. The offer to purchase will set forth the relevant details regarding price, how it is to be paid, and address any earnest money or inspections.