Skip to main content

Featured

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

San Antonio 11/11/13

This is a shot of Joe and I when we attended the M2TI La Senorita Stakes this year. This is our sixth year attending and it was a total blast this year. The theme was Luau. Joe wore a Target original from ten years ago... look how well it is still holding up! His hat is a Tommy Bahama. I wore this Modcloth dress I have been eyeing all year. My lei was real and smelled wonderful!!

Comments