REALWorld Law

Sale and purchase

Misrepresentation

What are the buyer's remedies against misrepresentation by the seller of real estate?

United States

United States

The SPA will provide for the extent of remedies available to the buyer if the seller makes a misrepresentation. Typically, the buyer’s remedy will be limited to termination of the SPA and refunding of the deposit if the misrepresentation is discovered prior to closing and, if discovered after closing, to monetary damages which may be limited in amount by the terms of the SPA.