Contracts
A Maine purchase and sale agreement includes an inspection contingency. The buyer submits an inspection report showing minor issues. The seller refuses to repair. The buyer's options typically include:
ANo options; the contract is binding without the repairs
BCancel the contract, accept the property as-is, or negotiate a price reduction✓ Correct
CForce the seller to make repairs through court order
DTransfer the contract to a different buyer
Explanation
When the seller refuses to repair items found in an inspection, the buyer generally has three options: cancel the contract (and recover earnest money, if the contingency allows), accept the property as-is, or negotiate a price reduction or credit.
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