Contracts
A purchase contract's 'inspection contingency' typically gives the buyer the right to:
AAutomatically receive a price reduction after any inspection
BInspect the property and negotiate repairs or terminate if the inspection is unsatisfactory✓ Correct
CInspect every component of the property personally without a professional inspector
DDelay closing indefinitely until all repairs are completed
Explanation
An inspection contingency gives the buyer the right to have the property professionally inspected and, if the results are unsatisfactory, to negotiate repairs, request a price reduction, or terminate the contract and recover their earnest money.
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