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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

Outer Banks Update






The two youngest girls along with Joe and I headed to the beach this past weekend for our annual get together with Joe's sister. We rolled in later than normal Friday night, had a couple of cocktails and then woke up to overcast and rain. Beautiful right? Well, we made the best of it. The waves were not inviting all weekend though so we headed to the sound beach at Colington. Here are a couple of shots we took. I'll have more later in the week. 

Hope your Tuesday is perfect!


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