Contracts
An Iowa buyer submits an offer that includes a home sale contingency, giving them 30 days to sell their current home. This contingency protects the buyer by:
AAllowing the buyer to cancel if their home sells for less than expected
BAllowing the buyer to withdraw from the purchase if they cannot sell their current home within the specified period✓ Correct
CGuaranteeing the buyer will get top dollar for their current home
DRequiring the seller to wait indefinitely for the buyer's home to sell
Explanation
A home sale contingency allows the buyer to cancel the purchase contract without penalty if they are unable to sell their current home within the specified period, protecting the buyer from carrying two mortgages.
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