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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

Sunday, Sunday








Finally the weather cooperated so we could get the boat out Sunday. Thank God. Joe was about to have a conniption. It was so rainy here on Saturday with a rain shower that lasted most of the day. We don't see too much lightning around these parts but mother nature sure put on a show for us. 

We hopped out on the James River for a couple of hours yesterday. The oldest girls tubed on our new tube. Then we had a picnic on a cute beach on Jamestown Island. It is crazy to think that the settlers who came over from Europe to settle Jamestown landed on these same beaches so many years ago. What a much different scene we portray today than when these people met Pocahontas and the Powhatan Indians. 

We snacked on sandwiches and goldfish crackers. Sipped a couple of our favorite summer beers Leinenkugel's Summer Shandy, unfortunately I think everyone else loves them too so they have disappeared from Williamsburg shelves. Scoured the shores for driftwood and swam in the warm waters. How is it 67 degrees this morning?

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