Contracts
In Virginia, a buyer who discovers during inspection that the home has significant foundation issues not disclosed by the seller should:
AClose anyway and fix the issues later
BRequest repairs, a price reduction, or exercise the inspection contingency to void the contract✓ Correct
CReport the seller to VREB immediately
DOnly seek legal action after closing
Explanation
The home inspection contingency gives the buyer options: negotiate repairs, request a price reduction to compensate for the cost, or void the contract and recover earnest money.
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