Real Estate Contingencies Explained (Inspection, Appraisal & Financing) | Metro Detroit

Before you buy a home or accept an offer, you need to understand real estate contingencies. In this video, Metro Detroit Realtor® Leslie Martin explains inspection, appraisal, financing, and title contingencies—and how they can protect or derail a deal.Before you buy a home or accept an offer, you need to understand real estate contingencies. In this video, Metro Detroit Realtor® Leslie Martin explains inspection, appraisal, financing, and title contingencies—and how they can protect or derail a deal.Contingencies are the “if this happens” clauses in a real estate contract that protect buyers and sellers from unexpected risks. Used correctly, they create clarity, leverage, and smoother closings. Used incorrectly—or waived without understanding the consequences—they can lead to costly mistakes.In this video, I break down:--What inspection contingencies actually cover--How appraisal contingencies work in competitive Metro Detroit markets--When appraisal guarantees make sense (and when they don’t)--Why financing contingencies protect more than just buyers--How title contingencies prevent last-minute closing disasters--The real risks of removing contingencies to win an offerI also share real-world examples from transactions in Plymouth, Grosse Pointe, Northville, West Bloomfield, Farmington Hills, Royal Oak, and Chesterfield, so you can see how these clauses actually play out—not just how they’re explained online.If you want to read a deeper dive article about real estate contingencies, be sure to check out this article I wrote: https://www.leslieemartin.com/understanding-real-estate-contingencies/If you’re buying or selling a home in Metro Detroit and want help structuring a strong, smart offer, feel free to reach out with questions.📞 Contact Leslie E. Martin, Realtor® | Metro Detroit Real Estate Expert📧 [email protected]📱 Phone: (734) 846-8358🌐 Website: https://www.leslieemartin.com📸 Instagram: https://www.instagram.com/leslieemartindtw📘 Facebook: https://facebook.com/LeslieEMartinRealtor💼 LinkedIn: https://www.linkedin.com/in/leslie-martin-68a9a922a/🏡 Zillow: https://www.zillow.com/profile/LeslieEMartinChapters:00:00 What Are Real Estate Contingencies?00:34 Inspection Contingency Explained01:46 Appraisal Contingency & Appraisal Gaps02:48 Financing Contingency Explained03:51 Title Contingency & Title Searches04:53 The Risk of Removing Contingencies05:38 Final Advice for Buyers & Sellers