A buyer's offer includes a condition for home inspection. The inspection reveals significant foundation issues. What are the buyer's options regarding this condition?
Correct Answer
B) The buyer can waive the condition, request repairs, renegotiate price, or terminate the agreement
When inspection reveals issues, the buyer has several options: waive the condition and proceed, request the seller make repairs, renegotiate the purchase price to account for needed repairs, or remove the condition and terminate the agreement. The specific wording of the inspection condition determines exactly which remedies are available.
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