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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

Visit Bermuda: Sky Lark at Sandys Parish

Loving this property in Bermuda. Unobstructed views of the Atlantic Ocean with two docks to swim, fish, kayak or lounge on. One is on the west side and the other in Ely's Harbour. You will feel like royalty when you drive up and see the views available for your viewing pleasure. The house has three bedrooms, and two day beds that can also allow rest for the weary. Take a look at the open floor plan, the kitchen is a dream. 

I absolutely love the beams in the open living area and the furnishings make me want to curl up and enjoy a nice book. Bermuda can get chilly during the winter months and I can imagine a fire roaring in the fireplace right now. 

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