What are the some of the common contingencies in an offer?

A financing contingency makes the purchase contingent on the buyer's ability to get a loan and the banks appraisal of the home.

An inspection contingency means that the purchase is contingent upon the findings of a professional inspection. The buyers have the right to back out of a contract if they're not satisfied with the condition of the home, or the seller is not willing to make actual or financial modification.