Inspection Contingency: The buyer can terminate the contract if the property inspection reveals significant issues that were not previously disclosed by the seller. Example: If the inspection uncovers structural damage or a faulty electrical system.
Financing Contingency: The buyer can back out if they are unable to secure financing for the purchase. Example: If the buyer's loan application is denied by the lender.
Appraisal Contingency: If the property does not appraise for the agreed-upon purchase price, the buyer can terminate the contract. Example: If the appraiser determines that the property is worth less than the agreed-upon price.
Survey Contingency: If a survey reveals issues with the property's boundaries or encroachments, the buyer can opt out of the contract. Example: If the survey shows that a neighbor's fence extends onto the property.
Title Contingency: If there are title defects or clouded ownership, the buyer can cancel the contract. Example: If a previous owner's lien is discovered on the property.
Homeowners Association (HOA) Contingency: If the property is subject to an HOA, the buyer can terminate the contract if they are dissatisfied with the HOA's rules or fees. Example: If the buyer finds out that the HOA has strict regulations that don't align with their preferences.
Insurance Contingency: If the buyer is unable to obtain satisfactory insurance coverage for the property, they can cancel the contract. Example: If the property is located in a high-risk flood zone, and the buyer cannot find affordable flood insurance.
Environmental Contingency: If an environmental issue is discovered, such as contamination or hazardous materials, the buyer can back out. Example: If soil tests reveal the presence of toxic substances on the property.
Lead-Based Paint Contingency: If the property was built before 1978 and the seller fails to provide the required lead-based paint disclosures, the buyer can terminate the contract. Example: If the buyer discovers peeling paint during the inspection and the seller did not disclose the potential presence of lead-based paint.
Property Disclosure Contingency: If the seller fails to provide accurate and complete disclosures about the property's condition, the buyer can opt out of the contract. Example: If the seller fails to disclose a history of water damage or a defective HVAC system.

These are just a few examples of the buyer outs in the Texas real estate contract. It's important to consult the actual contract and seek legal advice for a comprehensive understanding.