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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

Visit Punta Barco Panama: Punta Barco Beach House

A couple of years ago I found this house and immediately went to the library and checked out a how-to on speaking Spanish because I wanted to travel to Panama so bad and be able to converse with anyone I wanted to. Well, that dream fell by the wayside (my dreams always out weigh my pocket) but this house has always been in the back of my mind waiting until I can see it in person.

Where to Stay:
Punta Barco
Panama


The Eco-Friendly, multi-level, outdoor living home is perfect for your family getaway. With four bedrooms and a bathroom in each room, your en suite dreams are coming true. The main house boasts three bedrooms and a seperate guest house houses the fourth. Enjoy a shower outside. Once you do, you will never want to shower inside again. A personal housekeeper will keep the house tidy while you play on the beach and sip your evening Sauvignon Blanc gazing the view of a lifetime. 


To Do:

You Must Have A Passport
Rent a Car
Bring Water Shoes
Surf Lessons at Pal Mar






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