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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

7 Things


1.  This Blueberry Zucchini Muffin recipe I'm putting Douglas in charge of while I attend meetings tomorrow morning.

2. This salad I'm eating for lunch at Baker's Crust tomorrow after those meetings while I catch up with gossip from my Mississippi gal, Rita.

3. This shower curtain.

4. This new after shower cream I purchased from the good ole Ulta with a 3 dollar off coupon I clipped in the paper.

5. Why didn't I come up with this?

6. This beer!

7. This food, who even has time for all this?

Give me your 7, or at least 1.

LA

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