Contracts
In New Mexico, a 'home sale contingency' in a purchase agreement allows a buyer to:
ASell their current home at any price
BCancel the purchase contract and recover their earnest money if they are unable to sell their current home within the specified contingency period✓ Correct
CLower their offer price if their home sells for less than expected
DExtend the closing date indefinitely
Explanation
A home sale contingency protects the buyer by making the purchase contingent on the sale of their existing home. If they cannot sell within the specified period, they can terminate the contract and recover their earnest money.
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