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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

If I Had All The Money: August Edition

Wow! I haven't done one of these in awhile! This morning while looking at my page views, I see my If I Had All The Money post doing very well. I go look and see one post. Not cool. It's time for a new one! 

Everyone needs a car, right?  
2016 Audi A5 Cabriolet.
And a Vacation?

19 Day Holland America Cruise through the Panama Canal
 And a Swim Suit?
Lisa Fernandez Riri
Who Doesn't Need a Little Art?
Picasso's One Line Drawings: I love him!

Have a Happy Friday!





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