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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

Because We Love the Lake



















We went to lake this weekend with the friends we went to Snowshoe with this past weekend. Unfortunately Douglas had to work so she stayed with my mom in town and did just that. We headed down after girls were through with school for the year and popped into Bojangles for the Bo Time Box. Put the boat in and I watched Joe speed off in it only to later have it poop out on us. Luckily we were able to use the pontoon boat but its not the same. Saturday we spent all day on the water and at the beach. We had a nice dinner of lasagna, asian salad and bread dripping in butter. Sunday we went back out for awhile, towed the boat and headed home. I love weekends. 

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