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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 St. Thomas: Big Kahuna Rum Shack

When you go are on vacation at the beach, don't you want to be able to eat awesome food and see the ocean at the same time? I'm not saying don't try restaurants that don't have a view ever, but today I say go get that view. 


What Are You Ordering?

Start: Shark Bites, Mahi Filets Cut into Bite Sized Pieces, topped with teriyaki soy dressing served on island brown rice.

Sip: Island Favorite BBC, Banana Rum, Bailey's Irish Creme and Banana Liquor with Pina Colada Mix and Fresh Banana.

Share: Tropical Salad, Crispy Romaine, with Oranges, Walnuts, Cucumbers and a Raspberry Vinaigrette

Chow Down On: Caribbean Cordon Bleu Flat Bread, Jerk Spiced Chicken with Crispy Bacon, Mozzarella Cheese, Red Sauce Drizzle and Cool Ranch

Located: Waterfront, St. Thomas, VI
340-775-9289

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