Contracts
The 'appraisal objection deadline' in a Colorado Contract to Buy and Sell allows the buyer to:
AWaive the right to have the property appraised
BObject to and potentially terminate the contract if the appraised value is less than the purchase price✓ Correct
CRequest the seller reduce the price to any amount the buyer chooses
DOrder a second appraisal at the seller's expense
Explanation
The appraisal objection deadline gives the buyer the right to object to (and potentially terminate) the contract if the property appraises for less than the purchase price. The buyer has until this deadline to exercise this right.
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