If the seller defaults, what can the buyer do?

When a seller defaults on a real estate contract, the buyer has several potential remedies available to them, making the appropriate choice the option that specifies multiple legal actions. Specifically, the buyer can pursue legal action for specific performance, which means they can ask a court to compel the seller to fulfill their part of the contract as agreed. Additionally, the buyer may seek damages for any loss incurred as a result of the seller's failure to perform. Furthermore, the buyer can choose to cancel the contract entirely, which releases them from the obligations outlined in the agreement.

This variety of options is important because it underscores the rights of a buyer in the face of a seller’s default. By providing multiple avenues of recourse, the legal framework ensures that buyers have the necessary protections when fulfilling their contractual obligations. The notion of pursuing mediation, while possibly beneficial in specific situations, is not a direct legal remedy tied to a default and does not carry the enforceability that court actions do. Additionally, raising a dispute concerning the earnest deposit is more specific and does not encompass the broader legal recourse available upon default.