Contracts
In South Carolina, a 'home sale contingency' in a purchase contract means:
AThe seller must improve the home before closing
BThe purchase is contingent on the buyer successfully selling their existing home✓ Correct
CThe closing is contingent on a home inspection passing all checks
DThe price adjusts based on the home's appraised value
Explanation
A home sale contingency makes the purchase of a new property contingent on the buyer closing on the sale of their current home. This protects buyers from owning two homes simultaneously but may make their offer less attractive to sellers.
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