Contracts
The 'Due Diligence Period' in a North Carolina real estate contract allows the buyer to:
ANegotiate a lower price after inspections
BTerminate the contract for any reason and receive a refund of the Earnest Money Deposit✓ Correct
CDemand repairs from the seller
DExtend closing by 30 days automatically
Explanation
During the Due Diligence Period, the buyer may terminate the contract for any reason and receive a full refund of the Earnest Money Deposit (but not the Due Diligence Fee).
Related North Carolina Contracts Questions
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