Contracts
A Mississippi buyer's inspection contingency allows the buyer to:
ARe-negotiate the purchase price after the seller has already reduced it
BTerminate the contract or request repairs if the inspection reveals significant defects✓ Correct
CConduct unlimited inspections throughout the listing period
DInspect only the roof and foundation
Explanation
An inspection contingency protects the buyer by allowing them to have the property professionally inspected and, if unsatisfactory results are found, either negotiate repairs, credits, or price reductions, or terminate the contract and recover their earnest money.
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