Contracts
An Indiana new construction purchase contract typically differs from a resale contract in that it may include:
ANo inspection rights
BBuilder warranties, construction completion deadlines, punch list procedures, and builder's right to substitute materials✓ Correct
CLonger due diligence periods
DStandard seller's disclosure forms
Explanation
New construction contracts may include: builder's limited warranties (structural, systems), construction timeline provisions, procedures for identifying and completing deficiencies (punch list), and the builder's right to substitute comparable materials.
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