Contracts
A Kentucky home inspection reveals the need for a new roof costing $15,000. The buyer can request repairs, a price reduction, or a credit. If the seller refuses all remedies and the contract has an inspection contingency, the buyer may:
ACompel the seller to make repairs through KREC
BCancel the contract and receive the earnest money back✓ Correct
CSeek specific performance to force repairs
DOnly accept or reject the property as-is
Explanation
If the seller refuses to address inspection findings and the buyer invokes the inspection contingency, the buyer may cancel the contract and receive a refund of earnest money.
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