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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

Open House Alert--- 807 Schooner Boulevard












Beautiful Creekside Landing Living! With 5 Bedrooms and 2 1/2 Baths and over 4,000 Square Feet you will love how large this home lives. Gorgeous wood cabinets with stainless steel appliances in the kitchen flow effortlessly into the open living spaces! Enjoy coffee in the sunroom overlooking the newly replaced deck and generous backyard oasis. Enjoy cul-de-sac living and all the amenities living in Creekside Landing offer!

Want to see more? Stop by Saturday from 12-2 pm and enjoy some light refreshments and tour this home! 

Questions? 

Contact me at the above button!

Leigh Ann

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