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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

Isla Mujeres: Mexico

Visit: Isla Mujeres, Mexico
Stay: Casa Paraiso


Today we are going to Mexico! Where the breezes are welcoming, the waves are glistening and palms sway to the beat of the people who it surrounds. Casa Paraiso has a private pool facing the Carribean. With views of the entire island, you can enjoy the rooftop palapas (thatched roof) with a sectional couch and poolside table. 

With high speed internet available to keep up with recent news or to discuss local cuisines, you will feel connected to the outside world during your stay. The house has two bedrooms and two and half baths and will sleep up to six people. 

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