Contracts
In New Jersey, a home inspection contingency allows the buyer to:
ANegotiate price only, not request repairs
BCancel the contract or negotiate repairs if a home inspection reveals unsatisfactory conditions within the inspection period✓ Correct
CInspect the property after closing and request refunds
DRequire the seller to fix all cosmetic issues
Explanation
A home inspection contingency allows the buyer to have the property professionally inspected within a set period. If the inspection reveals defects the buyer finds unacceptable, the buyer may negotiate repairs, a price reduction, or cancel the contract and recover their deposit.
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