What action can a buyer take within 3 days of receiving subdivision or HOA information?

The buyer is allowed to terminate the contract within three days of receiving subdivision or Homeowners Association (HOA) information. This provision ensures that the buyer has an opportunity to review critical details about the property, including any rules, regulations, fees, or special assessments that may impact their decision to purchase. If the buyer finds the information concerning or unsatisfactory, they have the right to withdraw from the contract without penalty.

This provision protects buyers by providing them with necessary disclosures which may significantly influence their purchase decision. Being able to terminate the contract within this timeframe allows for a more informed choice regarding the investment being made.

Regarding the other options, requesting repairs typically occurs during a different stage in the purchase process, often during negotiations after a home inspection, not immediately upon receiving HOA information. Confirming financing is a crucial step in the buying process, but it is not specifically tied to the subdivision or HOA information receipt. Scheduling a walkthrough is also part of the process, but it does not directly relate to the rights or actions available specifically due to the review of HOA documents.