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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

Where Wright Took Flight

Guys, isn't amazing that only a couple of years ago no one could hop on a plane from New York and be in California in four hours? Today you can be in New York at one moment and in less than eleven hours fly to Hawaii and soak in the sun and surfing heaven! You can pop aboard a flight from almost anywhere and be just about anywhere in a matter of time because of two geniuses who happened to be brothers. How do you think their parents felt about that?

The folks we have to thank for modern aviation are locals right here from the United States: Orville and Wilbur Wright. Joe and I were talking about how fascinating these brothers from Ohio were yesterday! They went to Kill Devil Hills, NC of all places to try out their mission and dream. We also discussed how in today's time how Orville and Wilbur have fallen from the top 10 baby names list. There is something about the name Orville that makes me want to pop some popcorn and Wilbur makes me think of Mr. Ed and Wiiiilbur.

Once you make the trek up the hill where the monument is located, you can understand why the Wright's may have chosen this spot. Even on a windless day, one you transcend up the brier filled hill, the air is moving. Pulsating with speed and gusts, the top of the hill could be treacherous for some. Ava had to be careful not to be blown from the top! At times the wind speed didn't let up and then all of a sudden the air was still.

Located at the bottom of the hill, to the east is the airport. With an efficient runway, a small building for the pilots and a couple of picnic tables, you can fly in for a picnic lunch. We saw a couple with their dogs do just this. After they ate lunch and rested they took off and headed to Ocracoke. Must be nice!

Here are a couple of shots from our day.































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