Contracts
Iowa's home inspection report is used primarily by the buyer to:
ASet the property's market value
BIdentify defects and negotiate repairs, credits, or price reductions, or exercise a right to terminate the contract✓ Correct
CSatisfy the seller's disclosure obligations
DReplace the lender's appraisal
Explanation
A home inspection report documents the physical condition of a property's systems and structure. Iowa buyers use the report to negotiate repairs or a price reduction, or to exercise their right to terminate the purchase agreement within the inspection contingency period.
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