Contracts
A home inspection contingency typically gives the buyer the right to:
APurchase the home at a discount if any defect is found
BCancel the contract or negotiate repairs if the inspection reveals unsatisfactory conditions✓ Correct
CRequire the seller to fix all identified items before closing
DExtend the closing date indefinitely while negotiations occur
Explanation
A home inspection contingency allows the buyer to have the property inspected and, based on the results, negotiate repairs or credits, cancel the contract (within the contingency period), or proceed as-is.
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