Home Buying/Home Selling Quizzes-If a seller is selling a home "as

Answer to Quiz

If a seller is selling a home "as is," the buyer must accept the home with all defects without the right to have a contractor inspection.

Answer: (b), false
A buyer can and typically should include an inspection contingency in any purchase offer for a home. Furthermore, under many state laws, a seller is obligated to disclose known defects to the buyer.

Next Quiz:

Which of the following factors is most important in determining the current market value of a home?

(a) Lot size
(b) Square footage of home
(c) Location
(d) Age

Word of the Day

Secondary Offering

A "secondary offering" is a sale of securities held by existing shareholders of a...

Secondary Offering

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