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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

Pin It Monday: A Day Late

Monday was super busy for me at work and at home. We are heading for vacation to Perdido Key, Florida on Friday morning and with that brings lots of got-to-do's. Here's what I'm loving this week! Don't forget to tell what you are liking. Link me!

DKNY Swim, perfect fabric and fit.

Candy buffet - Glue glass jar onto a candlestick from the dollar store!!


                                                        One of Ava's Birthday Presents!
Great Gift Wrapping Idea!

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