Tackling Breach of Purchase Agreements
I’ve seen buyers and sellers get excited about a property, only for the deal to implode when someone doesn’t keep up their end of the bargain.
In Maryland, a purchase agreement lays out who does what and when.
When either side backs out without a valid legal reason, it’s called a breach of contract, and it can cost you thousands.
What Is a Breach of Purchase Agreement?
A purchase agreement is your roadmap for a sale. It spells out:
- Price and Payment Terms: How much you pay and when you pay it.
- Inspection and Financing Deadlines: When inspections happen and when loan approval is due.
- Contingencies: Conditions that let you walk away—like finding major structural issues or losing financing.
If a buyer suddenly says “I changed my mind” after their inspection contingency ends, or if a seller accepts another offer even though you’re under contract, that’s a breach. You’ve already spent time, money on inspections, and maybe even lost other opportunities.
Why It Matters
- Lost Deposit: Buyers risk losing their earnest money if they back out without a legal basis.
- Delayed Plans: Sellers can’t move on to their next home and may miss out on other offers.
- Legal Costs: Hiring a lawyer to resolve the breach adds expense on top of everything else.
How I Help With Real Estate Transactions that Fall Through
“I focus on getting you back on track—whether that means enforcing the sale or recovering your losses.”
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Reviewing Your Agreement
I read every detail—deadlines, contingencies, and penalties—to see exactly what both sides promised. -
Gathering Evidence
Emails, inspection reports, and lender letters can prove you met your obligations or show the other side fell short. -
Demand Letters
Often, a firm letter reminding the breaching party of their duties gets them to complete the sale—or return your deposit—without going to court. -
Negotiation
Sometimes both sides want to avoid court. I help negotiate new deadlines, price adjustments, or compensation so you don’t waste more time or money. -
Litigation
If someone still refuses, I file suit for specific performance—asking the court to force the sale, or for damages to cover your losses.
Real estate deals affect your finances and your future.
You need a clear plan to protect your interests when someone breaks the rules.
If you’re facing a breach of purchase agreement, let’s talk.
Call me, Matthew J. Dyer, Esq., at 301-627-5844.
Together, we’ll get your sale back on solid ground.
