Contracts
A Washington purchase and sale agreement includes an inspection contingency. The buyer's inspection reveals a cracked foundation. The buyer may:
ARescind the contract with earnest money refunded, or negotiate repairs/price reduction within the contingency period✓ Correct
BRescind only if the seller refuses to make repairs
CDemand the seller repair the foundation before inspection is complete
DProceed to closing and sue for damages afterward
Explanation
An inspection contingency in Washington gives the buyer the right to terminate the contract with earnest money refunded if the inspection reveals unsatisfactory conditions, or to negotiate a repair/price reduction with the seller.
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