Contracts
A Wisconsin seller who has accepted an offer and is now refusing to close may be sued by the buyer for:
AOnly the return of earnest money
BSpecific performance and/or money damages✓ Correct
COnly the cost of the home inspection
DNothing, as real estate contracts are not specifically enforceable
Explanation
If a seller breaches a Wisconsin real estate contract by refusing to close, the buyer may seek specific performance (court order compelling the sale) because real property is unique, and/or money damages for losses incurred.
Related Wisconsin Contracts Questions
- Wisconsin's WB-15 (Vacant Land Offer to Purchase) is specifically designed for:
- The doctrine of specific performance in Wisconsin means a court can order:
- In Wisconsin, the seller's property disclosure requirement for residential property is governed by:
- If a Wisconsin buyer defaults on a real estate contract and the seller retains the earnest money as liquidated damages, this is permissible when:
- The Wisconsin WB-11 'time is of the essence' clause means:
- Under Wisconsin law, a real estate contract is fully 'executory' before closing because:
- A Wisconsin real estate contract that is 'voidable' due to mutual mistake:
- In a Wisconsin WB-11 offer, the term 'contingency' allows the buyer to:
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