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if youve ever bought or sold a home youre most likely familiar with the term deposit money also known as earnest money the deposit is money paid by the buyer at the time of the signing of the real estate contract the deposit ensures the seller is protected from the buyer walking away incentivizing the buyer to proceed to closing where the title to the property is transferred and the remaining money is paid to the seller in the case of most contracts if there is a bdocHub we look to award expectation damages this means that we seek to award damages to the aggrieved party that would put him or her in the position that he or she would have been had the contract been successfully performed however this is not generally practical in real property contract cases if the seller bdocHubes contract by refusing to close monetary damages are not considered adequate because each parcel of real property is considered unique due to its location the buyer can only truly receive the benefit of his barg
