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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

Eat: Flying Fish, Memphis

One of my favorite spots to grab a Po'Boy back in Memphis is at Flying Fish. Located at 105 South Second Street, Come see Billy Bass from all over the world draped onto the walls for your viewing consumption as you chow down on the tasty bread and fried goodness. 

Start On: Seafood Gumbo and the Hula Poppers

Salad On: Tilapia 

Basket It: Shrimp, Oysters, or maybe the Frog Legs!

Fish Tacos? Yes... light on the dressing though... light!

Po'Boy: Come on, Shrimp of Course!

Dessert: Key Lime Pie


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