Skip to main content

Featured

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

Getting Ready for Fall Style

Wow!! Labor Day Weekend has arrived. I'm sitting here waiting for Douglas to finish Volleyball practice and Sage is trying out to be a Cheerleader right now at her middle school. It is our last Friday before we go back to school and back to mayhem as we call it. From now on, our weeks will be crazy filled with practices, games and swimming classes right up until 9 o'clock at night. I am Pinning away over there on Pinterest with fall looks, fall festival activities and crock pot meals to help these next few months go by easier.

As soon as six o'clock rolls around, I'm out the door to pick kids up and head to the beach. One last beach hoorah for awhile. Joe is heading to Charlottesville tomorrow for the UVA game. Fingers crossed our year starts out well! Football season has been a bit of a let down for the last couple of years for us. Fans stick through the losing times though right. Let's go UT Tennessee too! Joe and I met there so of course we want to yell Go Big Orange!!

So I thought I'd hit you guys up on a couple of my favorite fall looks for eye candy. If you want tor read my latest blog on Yahoo! Shine, click on. It's about 5 Flawless Transition Tricks for Summer to Fall. I'm out!! See you soon!












Comments