Contracts
What is a 'home inspection contingency' and how does it protect Hawaii buyers?
AA. A requirement that sellers inspect their own property before listing
BB. A contract provision allowing buyers to have the property professionally inspected and to cancel or renegotiate if unsatisfactory defects are found✓ Correct
CC. A warranty guaranteeing the home's condition for one year after closing
DD. A county requirement for all residential property sales
Explanation
A home inspection contingency gives buyers the right to have a professional inspection and to cancel the contract (or negotiate repairs/credits) if the inspection reveals material problems. In Hawaii's older housing stock and challenging climate, inspections are especially important for identifying issues with roofing, plumbing, and moisture.
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