Contracts
In South Dakota, a 'home sale contingency' protects buyers who need to:
AClose within 30 days
BSell their current home before being obligated to purchase the new one✓ Correct
CObtain approval from their HOA before buying
DPass a home inspection before closing
Explanation
A home sale contingency allows a buyer to back out of a purchase contract (and recover their earnest money) if they are unable to sell their existing home within a specified period. It protects buyers who need the equity from their current home to fund the purchase.
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