Real Estate Analytics, LLC v. Vallas

Opinion

HALLER, J.

The court, sitting without a jury, found a property owner breached his contract to sell a large parcel of coastal property to an investment company. The court, however, refused to grant the buyer’s request for specific performance based on the court’s conclusion that monetary damages were adequate because the buyer’s primary motivation was to quickly turn the property for a profit. We hold the court erred in refusing to grant specific performance on this basis. The law generally presumes real property is unique and that the breach of an agreement to transfer property cannot…