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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

Fall into Black and Gray

I have been in a black mood for awhile and I like it. These last days of summer have been perfect and I can't wait to show you some of the pictures from the last of summer hurrah while in Warsaw, Virginia but first.... something comfy to wear to start the new fall season. 




Comments

  1. I find grays, black and camel shades perfect for fall and winter. The top looks totally comfy and will probably look great with a pair of blue skinnies. Love the cute shoes as well!

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