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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

Stay: Hale Springs Inn



 Want to stay somewhere Presidents of the USA have stayed? Well that is just what we did on our last trip to Rogersville, Tennessee. Usually we stay with family or at the Comfort Suites but this time we wanted to try out a new scene. The Hale Springs Inn is a wonderful addition to the town.

Situated on Main Street,  the Hale Springs Inn has undergone many renovations and owned by many different people. After the Inn closed in the 80's it was bought and restored to its 1820-1830's appearance. The Rogersville Heritage Association now runs the Inn. In fact much of the furniture that resides in the Inn is on loan from many of the families that reside in the town. 

What I find really awesome though, because the town wanted the inn to survive they opened a bar. Now you may think what's the deal with opening a bar in a hotel? Well, before this bar, there was not a bar anywhere in Rogersville and the whole county was dry. You had to drive quite aways to get a drink in any resturaunt and you better make sure you had brought wine when you came to visit. So now, in 2014 you can have a drink where presidents stayed a long, long time ago. 

What We Loved: The essence of the hotel, the bed was super comfortable, the rooms are huge, the cleaning staff was super nice, the decorations for Christmas were superb, we chose a room in the back of the hotel, the location.

We We Didn't Love: The breakfast was less than superb, my eggs were cold and the server was not great and one lady who worked the front desk acted like she didn't like us being there. 


Pictures:

1. The View of Rogersville from our Room: The James K. Polk Suite
2. Christmas Tree in the Dining Room
3. Second Floor Decorations
4. Our Fireplace in the Suite
5. The Christmas Tree in our Suite
6. The Second Room in our Suite
7. Building Next Door
8. Our President James K. Polk
9. Beautiful Decorations

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