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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

Talking Style

Today around the time Douglas came home from school, I was just back from a lunch at Opus where my mom and I treated a good friend to a belated lunch date and a quick stop at a new outlet in town. While unpacking a few finds from the store and hanging them in my closet I figured the time was right to clean out some of the junk that has been hiding in there for a bit. 

The time has come again in my fashion world where I hate everything I have bought in the past year. Everything is too ModClothy, to Ruchey... too colorful. I am in a black and white stage in my life right now with a hint of pastel pink. Is it the weather outside or the pudge I feel around my stomach from quitting smoking almost a year ago? I am not sure but at this point I am telling everyone I am only buying black and white at this point. This goes for clothes only and not jeans. I still love dark blue denim. Accessories can be other colors but mostly sticking with just black and white for awhile with a punch of pale pink when I feel the need. 

How about you? Are you in a style rut right now or are you happy with your closet? I am loving these right now.










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