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Updated 1 day ago,
Advice on Specific Performance for Breach of Real Estate Contract
In October 2024, I began searching for a property in Colorado but couldn't find anything suitable on the MLS. Exploring alternative options, I inquired about a property that was listed for rent. I reached out to the agent representing the property to see if the owner might consider selling. The owner was open to the idea and outlined their terms and conditions.
After several weeks of negotiations, we reached an agreement, and the seller signed a binding contract. However, about eight days later, the seller informed me that they had "changed their mind" and no longer wanted to sell.
In the weeks that followed, the seller failed to provide the required documents, including HOA disclosures, the seller's disclosure, and other essential paperwork, all of which were due within specific timelines per the contract. This failure constitutes a breach of the agreement.
This property is truly unique and perfectly suited to my needs. I’ve sent the seller a demand letter, but instead of honoring the contract, they offered me money to walk away. I don’t want compensation; I want the property. Has anyone pursued legal action for specific performance in a similar situation? Any advice or insights into the process would be greatly appreciated.