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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

Naples/ Miami: Travel in Winter People

I spent a couple of days in Naples and Miami last month and what a wonderful break from all of this cold weather this year! It was in the eighties the whole time. My skin finally got time to unthaw and a bit of sun kissed my skin! I met my girlfriend Ellie and her daughter Maria from Milwaukee there. I can't really complain that much when come on, WISCO has been hit entirely harder than Virginia this year. How has your weather been?

                            Enjoy the shots of warmth and sunny skies of Florida!











   
So Long Miami! Till Next Time!

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