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

This Weekend: At the Pier








What a wonderful weekend. I hope yours was great. We spent our time hanging in Kill Devil Hills, N.C. at my mother and father-in- laws house. Perfect weather except for the wash out Saturday night but at least it was at night right?

Here a couple of shots at Jennette's Pier. What an interesting pier. So much to see and do. If you are around that area you should surely drop by and at least walk the beach. This Friday you should check out the Arnette Cash Pot Series surf contest. Tag your photos at the event #livearnette. 

Joe's Swim Trunks: RVCA
Joe's Sunglasses: Arnette
Leigh Ann's Suit: Marshall's
Leigh Ann's Sunglasses: JCrew
Douglas' Suit: Vulcom
Douglas' Sunglasses: ModCloth

Comments