A contingent offer can feel like a safety net until the seller gets a second offer and the clock starts ticking. We break down what contingencies really do in a Colorado Springs real estate contract, how they protect your earnest money, and where buyers accidentally leave themselves exposed. If you are trying to buy your next home while selling your current one, you will want to understand the sale-of-home contingency and the first right of refusal, including the short 24-to-72-hour window where you may have to remove the contingency or lose the deal.

We also walk through the most common contract contingencies buyers and sellers see in the Colorado Springs market: home inspection, appraisal, HOA document review, covenant review, title commitment review, homeowners insurance, and final loan approval. You will hear why an inspection is often the best leverage point for major systems and safety issues, what happens when a property fails to appraise at the contract price, and why HOA bylaws and covenants can shape what you can actually do with your home. We dig into why homeowners insurance has become a bigger factor in qualification and monthly payment planning, especially as premiums rise and coverage changes.

Finally, we tackle the stressful scenario where financing falls through and explain how the financing contingency and its deadline can determine whether you recover your earnest money. We also share ways to make your offer more attractive without stripping out protections, like adjusting seller concessions and limiting inspection objections to major items. If you want clearer real estate guidance with fewer surprises, subscribe, share the show with a friend, and leave a review with the topic you want us to tackle next.

To learn more about RE/MAX Properties Inc. visit:
https://www.LoriThompson.REMAX.com
RE/MAX Properties Inc.
Colorado Springs
719-332-1807