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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

Eat: Medical Center Pharmacy Rogersville, TN




 All the years I have spent visiting my Pap Paw's hometown I have never eaten at this prize. My mom had never eaten here either. We wondered why and the response iwas "They are only opened until 3." 
Keep this in mind if you ever wonder off the beaten path in Tennessee and find this dive.

Located at 900 W. Main Street, this small town pharmacy is more than just a place to fill your prescriptions. You can still sit at the counter and order your lunch here. We tried the grilled cheese with tomatoes. Perfect. We also tried the bacon cheeseburger which is yummy, greasy and just what counter food should be. Don't forget the chocolate milkshake either but do make sure you remember they close down the grill ten till 3 or you will get shut out. 


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