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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

Baby It's Cold Outside


Baby did it just get witching, cold outside or what? Nestled on the East Coast, our winter hasn't really been that brutal yet. Last year by this time, snow had fallen quite a bit but this year many of us have been asking where is the white stuff? We still haven't seen any yet---- Although---- it has been promised by the Weather Channel. Poo. 

We do have a trick we are testing though. While in Rogersville, Tennessee last year, we purchased a Tennessee State Flag. As soon as we put that guy up- it got cold and snow blew and blew. We finally took it down because we became so superstitious about the flag. It was time for Spring by then. 

What's hanging up outside our front door right now? You guess it - The Tennessee Flag. We really want snow here. 

Growing up in Memphis, Tennessee, I always loved when they would predict snow and most people in the city all rushed out to buy eggs and milk. The stores would be packed with people happy for the news of a couple of days nestled in their homes watching movies, cuddling up under covers and baking cookies in the oven. After watching the news that runs 24/7 on WREG Channel 3, the bright blue precipitation that moments before in Arkansas had fallen, would turn to pink indication sleet and then turn green. Green means rain and no one wants green to fall after planning on school being closed and forgetting to check over homework and swilling your third glass of wine. 

Welp, in Williamsburg the blue on the radar normally stays blue as it makes makes it way from Richmond and through New Kent County. A lot of times school gets cancelled and I fire up the kitchen oven: bake cookies and start a pie. Drain the bottle of wine and sleep in the next day. I love winter when this is what you get. 

The Weather Channel doesn't promise snow here anytime soon but we are bundled up ---- waiting. 

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