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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

Kerr Lake, Virginia and North Carolina







This weekend we went back to our favorite lake and had a blast. Douglas and Ava finally got up on skis. Ava for the first time and Douglas for the first time in forever. Sage was this close to slaloming and I came out of knee boarding retirement. The last time I was on a kneeboard I got whiplash and was on the couch for two weeks watching Hurricane Katrina barrel through. 

We took the boat for the first time to Steel Creek Marina. You can fill up with gas right on the water which is nice so you don't have to pull the boat out. We found Gilligan's Island, enjoyed swimming in Jaws Cove (we call it Mermaid's Cove). 




Watch me do a 360

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