What the heck is a contingency?? In today’s Real Estate Basics video, I’ll cover that and the three main contingencies – inspection, appraisal, and loan – that a buyer is going to worry about when purchasing a home.

0:00 Intro
0:26 What is a contingency?
1:47 The 3 Main Contingencies
2:02 Loan Contingency
3:55 Appraisal Contingency
4:40 What to do if the appraisal comes in low?
5:26 Do you need an appraisal if you’re writing a cash offer?
5:55 Loan Contingency
6:25 Contingency Timeframes
8:15 Wrap up