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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

Update

Hope everyone has had a great start to their week. Yesterday I was super tired since a tree down the street dropped a limb on the electric wire leading to our house allowing us to be without power for hours. I already have the hardest time falling asleep as it is and without my Criminal Minds lulling me to sleep in the background, the darkness just kept me staring into blackness. 

Today has been better. I went in for a meeting about Facebook ads for work and have been working on a future post I'll be posting soon. I thought I'd share a couple random thoughts on what I am busy doing now.



Took My New Agent Photo for my new Career!
Reading This

Getting Molly a medical bath because of her itching. 
Douglas turns 17 on the 16th.




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