Contracts
In New Mexico, a purchase contract that is 'contingent upon the sale of the buyer's current home' is an example of a:
AFinancing contingency
BHome sale contingency✓ Correct
CInspection contingency
DTitle contingency
Explanation
A home sale contingency makes the buyer's purchase dependent on successfully closing the sale of their current home. It is one of the most common contingencies but also one that sellers find less desirable.
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