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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

House Crush Alert: 111 Oak Road in Kingswood!








I am in love with this one! As an agent who sees new listings come on the market daily, I've seen a lot of houses in my day and not all catch my fancy but when they do--- I get so excited! This one gets me excited!

Kingswood Neighborhood for 355K? Yes! It's all updated too! 4 Bedrooms, 3 Bathrooms! Move in Ready, Gorgeous Kitchen, Private Back Yard and Large Master! Want to take a look?


You know what to do!

757-784-3230

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