Contracts
In New Mexico, a purchase contract with no inspection contingency means the buyer:
ACannot have the property inspected
BIs accepting the property 'as is' with respect to inspection issues and waiving the right to void the contract based on inspection results✓ Correct
CGets automatic disclosure of all defects from the seller
DReceives a price reduction
Explanation
Without an inspection contingency, the buyer is not protected if the inspection reveals problems—they cannot void the contract based on inspection findings. This is risky and most buyers should include this protection.
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