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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 Chinatown: New York City




When you get off the subway at Grand St. and Chrystie, you pop up into a world unlike what many people know. I saw a man reading a newspaper in Chinese Characters, a small child spoke in terms unheard of to me and street markets are the way to buy your food. What an amazing experience and one I will not forget forever.





Comments

  1. Oh, New York, how I miss thee. I used to visit NYC frequently when I lived on the East Coast. Love Chinatown! Great photos! Looks like you guys had fun!

    xo
    Rachel

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