Contracts
The Arizona Residential Purchase Contract's inspection period allows the buyer to:
ANegotiate a lower price if inspections reveal defects
BConduct investigations and cancel the contract for any reason within the period✓ Correct
CExtend the close of escrow automatically
DBack out only for structural defects without losing earnest money
Explanation
The Arizona Residential Purchase Contract's inspection (due diligence) period allows the buyer to conduct any inspections and, if unsatisfied for any reason, cancel the contract and receive a refund of earnest money before the period expires.
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