Contracts
A buyer in New Hampshire inserts a home inspection contingency into the purchase agreement. This allows the buyer to:
ARenegotiate the price regardless of inspection findings
BCancel the contract or negotiate repairs if the inspection reveals unsatisfactory conditions✓ Correct
CReceive a full refund of the down payment for any reason
DDelay closing indefinitely pending inspections
Explanation
A home inspection contingency gives the buyer the right to cancel or renegotiate based on the inspection results. The specific remedies depend on the contract language.
Related New Hampshire Contracts Questions
- In NH, a purchase and sale agreement that requires the buyer to 'accept the property in its current condition' most likely refers to:
- Rescission of a NH real estate contract returns the parties to:
- A NH buyer's offer states 'closing on or before June 30.' If the buyer cannot close by that date:
- Mutual assent (meeting of the minds) in a New Hampshire real estate contract is established by:
- A NH real estate purchase contract that is unconscionable (extremely one-sided) may be found by a court to be:
- In New Hampshire, for a real estate purchase and sale agreement to be enforceable, it must:
- New Hampshire uses a 'Purchase and Sale Agreement' as the primary real estate contract. For it to be valid, consideration must be:
- An open listing allows the seller to:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →