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Why is an Appraisal Important When Buying or Selling a Home?

One the biggest components in buying a home when a lender is involved includes an appraisal. If you buy a home with cash and sometimes with a conventional loan, you can bypass this step. With an FHA loan and an VA loan, you cannot.  What is an appraisal?  In simple terms and Appraisal is a valuation of property.  An appraisal ordered for the purchase of a home is to determine if the price agreed upon by seller and buyer is acceptable by the lending institution. If an appraisal comes in low, the lender will likely decline to fund the deal. Unless the buyer is willing to come to the contracted price the deal to purchase can fall apart.  So what happens if the Appraisal come in Low? Sometimes a buyer will pay over the appraised value in order to buy the home. Sometimes the seller will lower the contracted price to the appraised value in order for the deal to continue. Sometimes the deal falls apart.  Loan types will determine what you can do as a buyer to get past the low appraisal. A con

April Wishlist

The girls and I were talking and we are loving these items right now!!

These are these the cutest to transport drinks and soups to school and work!!

We are loving these brooches from Under The Shade Of  A Bonsai Tree! I guess we would need 1(Libra for Me), 1(Cancer for Douglas) and 2(One for each Sage and Ava)!

Douglas is obsessed with Galaxy tights right now!! They are pretty cool looking. 
Are these not adorable pencil bags from Lawrence? Sage and Ava just ooooh'd and aaaah'd over these. Ava loves the Monkey and Sage the Fox!!

I love this statement necklace from L.A. Glass Studio!! It's perfect for any piece!!

What are you wishing for this month?






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