Contracts
A 'home sale contingency' in a Georgia purchase contract benefits the buyer by:
AA. Allowing them to cancel the contract if they simply cannot find a buyer for their home
BB. Making the purchase conditional on the successful sale and closing of the buyer's current home✓ Correct
CC. Requiring the seller to reduce the price if the buyer's home sells below the expected price
DD. Automatically extending the closing date if the buyer's home does not sell in time
Explanation
A home sale contingency protects the buyer from owning two homes simultaneously. The purchase is conditioned on the buyer's current home selling and closing.
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