You might be able to get out of a real estate contract in Michigan during several stages of the buying process. First, the offer must be accepted to make it binding. If the seller rejects the offer, the buyer can make a counter-offer or leave the deal. If the seller agrees to the offer and has not signed it yet, it can be rescinded.
Another reason you may back out of a real estate contract is if the seller made a material misstatement on their Michigan Seller Disclosure Statement.
Since Michigan residential real estate contracts require a home inspection. If the results of the inspection are not satisfactory, you should be able to back out of the contract without losing any money. Additionally, if the seller cannot provide you with a clear title to the property you should be able to back out of the sale without incident.
The information for this answer was found on our Michigan Real Estate Purchase Agreement answers.