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What is a Contingency?

  In my last blog I discussed what Pending means in Real Estate and I stated:   Anytime I say Pending, it means the house is under contract. Either with a contingency or not, the house is more than likely going to another buyer. It's just a matter of time until it closes and the new homeowner will be moving in. So what is a contingency?  Well a contingency in a contract is anything that must be first met to allow the sale to continue in the manner in which the contract was written. Most contracts have standard contingencies to include a home inspection, a financial contingency and an appraisal contingency. Other contingencies could include a home sale.  Home Inspection Contingency: This contingency allows the buyer to preform a home inspection (all home inspectors in the state of Virginia must have a license) and the buyer has the opportunity to ask for repairs in order for the contract to move forward. Sellers at this time can a couple of things. Repair all items Repair some it

Giveaway from Quirks of Art

We are almost at 6000 fans on Facebook guys! When we arrive, we are giving away so much stuff you can't even imagine! Let's take a look now!
 
 
Jenny Krauss has beautiful belts. They are hand woven and embroidered by artisans in the Peruvian highlands. They are 1-7/8 inches wide and easily fit through belt loops. Retail value of $70.

 
This Laurie Pollpeter Eskenazi hand thrown heart is the perfect accessory for your room or home. Valued at $80.
 
Lenny and Eva make the most adorable cuff bracelets. You could wine a cuff, quote and charm all valued at over $50. These are a favorite in our store.

We are giving away a 100% handmade in America, Sherry Tinsman ring valued at $125. This is the rose gold and sterling silver ring!
 
 This is a Double Creek Pottery piece handmade by The Barwick family of Florida. Although you might not believe it, this piece is food safe. Valued at $80.

 
What can't be said about Houston Llew's Spiritilies. Handcrafted in Atlanta, Georgia these pieces are made from copper, glass and wood.
 
So are you ready to win?
Leave me a comment below on which one you want to win.
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Good Luck to You!
 
 

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