Contracts
In Michigan, a 'home inspection contingency' period typically runs from:
AThe date of the seller's disclosure to the buyer
BThe date both parties sign the purchase agreement✓ Correct
CThe date the mortgage application is submitted
DThe date the property is listed
Explanation
The inspection contingency period in a Michigan purchase agreement typically begins when all parties have signed (execution of the contract) and lasts a specified number of days (commonly 7-14 days), during which the buyer must complete inspections and notify the seller of any issues.
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