In drafting a contract for sale and purchase, what do most buyers want in the contract?
What will be an ideal response?
Most buyers want to make minimum deposits, want ample contingencies included in the contract to provide a means of escape should they wish to back out (for example, contingencies pertaining to attorney approval, financing, zoning, inspection); want as many warranties from the seller as possible; want the right to assign the contract; want to limit the seller’s remedies in case of buyer’s default to the retaining of deposits; and want a choice of options in the event that the seller defaults.
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