Final answer:
The statement is True as sales contracts for houses can include terms about price, repairs, move-in dates, warranties, and service contracts, in addition to handling escrow for insurance and property taxes. The statement is true.
Step-by-step explanation:
The statement that a sales contract stipulates not only the price offered for a home, but also the repairs to be completed and the move-in date requested by the buyer is True. When purchasing major items such as houses, automobiles, or appliances, contracts can include various terms and conditions beyond the price.
For instance, sellers may offer a warranty, which is a guarantee to repair or replace defective goods within a certain time frame. Additionally, buyers might be given the option to purchase a service contract, which requires an additional payment but ensures seller responsibility for repairs over a set period.
In real estate transactions, understanding the escrow process is also important since it handles payments for home insurance and property taxes, simplifying budgeting for the homeowner. The statement is true.