Contracts
A Wisconsin buyer includes a home inspection contingency in the WB-11. The inspector finds a cracked foundation. The buyer may:
AOnly request a price reduction
BVoid the contract and recover earnest money, negotiate repairs, or accept as-is✓ Correct
CAutomatically receive a $5,000 credit
DRequire the seller to fix all defects within 10 days
Explanation
Under a properly drafted Wisconsin inspection contingency, the buyer has the right to void the contract and recover earnest money, negotiate for repairs or a price reduction, or waive the contingency and accept the property as-is.
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