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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

How was everyone's weekend? Mine was a blast. Beach, sand, water.... doesn't get better than that to me. I have some photos to share in a couple but for now.. Here a couple pin's to look at this Monday Morning.
I love this dress and her hair. Perfect!

How I feel when people tell me I have the perfect marriage.
I want to make this for our trip to Perdido Key.

Right? After a movie or a song I feel this way!

Perfect road game!
 

Comments

  1. Love that hair and dress too! Love that first quote as well! It's so true!!

    xo
    Rachel

    ReplyDelete

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