Contracts
A Maine home inspection contingency typically gives the buyer the right to:
ARenegotiate the price for any reason
BTerminate or negotiate repairs if material defects are found within the inspection period✓ Correct
CExtend the closing indefinitely
DRequire the seller to make all repairs regardless of cost
Explanation
A home inspection contingency allows the buyer to have the property professionally inspected and, if material defects are found, to negotiate repairs, request a price reduction, or terminate the contract.
Related Maine Contracts Questions
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