Contracts
In North Dakota, a purchase agreement contingency to sell the buyer's existing home protects the buyer by:
AAllowing the buyer to get a better price on their sale
BAllowing the buyer to terminate the purchase if their existing home does not sell by a specified date✓ Correct
CPreventing the seller from receiving other offers
DGuaranteeing the buyer can sell their existing home at full price
Explanation
A home sale contingency allows the buyer to cancel the purchase contract and recover earnest money if their existing home does not sell by a specified date. Without this contingency, a buyer could be obligated to purchase the new home regardless of whether their existing home sells.
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