Contracts
A Georgia buyer includes a due diligence period in their offer. During the due diligence period, the buyer may:
AOnly terminate the contract if a major structural defect is found
BTerminate the contract for any reason and receive a refund of their earnest money✓ Correct
CNegotiate repairs but not terminate the contract
DRequest the seller reduce the price by up to 10%
Explanation
Georgia's 'due diligence' contingency (also called a 'free look' period) allows the buyer to terminate the contract for any reason during the specified period and receive a full refund of earnest money, without having to identify a specific defect.
Related Georgia Contracts Questions
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