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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

Pieces of Me






I have been working hard all week at work and getting back from the lake with a broken boat. :( SO awful to have a broken down boat in the middle of summer. We are getting it fixed and heading to OBX this weekend to celebrate my sister-in-law's thirty birthday. I know I've been slacking on the posts this week so I wanted to drop a couple of photos into the blog for eye candy. Hope everyone is having a fabulous week!



Comments

  1. Great photos! And is that a Pappagallo purse?! I haven't seen one of those in years.

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  2. Awe! Great photos! So sorry to hear about your boat!! I hope it's up and running ASAP!!

    xo
    Rachel

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