Contracts
Which contingency in a Virginia contract protects the buyer if the property appraises below the purchase price?
AHome inspection contingency
BFinancing contingency
CAppraisal contingency✓ Correct
DTitle contingency
Explanation
An appraisal contingency allows the buyer to renegotiate or void the contract if the property appraises below the purchase price, protecting them from overpaying or being unable to finance the purchase.
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