What is the maximum amount of time a buyer can rescind a purchase agreement for a new home in Tennessee?

In Tennessee, buyers have the right to rescind a purchase agreement for a new home within a specific timeframe, which is established to protect consumer rights and ensure they have adequate time to reconsider their decision. The maximum amount of time a buyer can rescind the agreement is 72 hours. This period allows buyers to evaluate their decision and reflects the state's interest in promoting transparency and fairness in real estate transactions, especially for significant investments like purchasing a new home. Understanding this timeframe is crucial for both buyers and real estate professionals, as it emphasizes the importance of informing buyers about their rights and the procedures for rescinding agreements if they choose to do so.