Contracts
A New York residential purchase contract is signed but the buyer's home inspector finds major structural defects not previously disclosed. The buyer can:
AOnly proceed with the purchase as written
BCancel the contract only if an inspection contingency was included✓ Correct
CAutomatically rescind any New York real estate contract within 3 days
DSue the inspector but not the seller
Explanation
In New York, buyers are protected by an inspection contingency if one was included in the contract. Without it, the buyer may have limited recourse to cancel based on newly discovered defects.
Related New York Contracts Questions
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