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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

Cruise Snippet's



I have never been so tired than I have after traveling for the last 10 days. I don't understand how some people do it. I guess they grab sleep where they can. I wanted to update you on a couple of shots of my trip and soon I will have more. It was amazing!

Comments

  1. A cruise is a wonderfully relaxed way of taking a vacation.

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  2. A cruise vacation is all about doing a variety of things or absolutely nothing.

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