Contracts
A NH purchase contract that specifies the home must appraise at the purchase price contains an:
AInspection contingency
BAppraisal contingency✓ Correct
CFinancing contingency
DTitle contingency
Explanation
An appraisal contingency makes the buyer's obligation contingent on the property appraising at or above the contract price. If the appraisal comes in low, the buyer may renegotiate, make up the difference, or cancel.
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