What is specific performance as a remedy for breach of real estate contract?

Specific performance is a court order requiring the breaching party to complete the real estate transaction as agreed, rather than simply paying monetary damages. Courts favor this remedy in real estate because every parcel of land is considered unique and money alone cannot adequately compensate a buyer who loses the opportunity to purchase a specific property. Either party can seek specific performance, but it is most commonly pursued by buyers when sellers refuse to close.