What recourse does a buyer have when the seller backs out of a signed real estate contract?

If a seller backs out of a signed real estate contract, the buyer typically has a few potential recourses. They can pursue specific performance, which is a legal remedy that compels the seller to fulfill their obligations under the contract. Alternatively, the buyer may seek damages for any financial losses incurred due to the breach, such as costs associated with inspections or appraisals. It's also advisable for the buyer to consult with a real estate attorney to explore their options based on the specifics of the contract and local laws.