Contracts
A real estate purchase agreement for new construction typically includes:
AA standard termite inspection contingency
BConstruction specifications, completion timeline, and provisions addressing what happens if the builder does not complete on time✓ Correct
CA strict 30-day closing deadline
DNo contingencies since the property is not yet built
Explanation
New construction contracts include the building specifications, construction timeline, a certificate of occupancy condition, provisions for delays, change orders, and the process for final walk-through inspection before closing.
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