Skip to main content

Featured

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 Bermuda: Sky Lark at Sandys Parish

Loving this property in Bermuda. Unobstructed views of the Atlantic Ocean with two docks to swim, fish, kayak or lounge on. One is on the west side and the other in Ely's Harbour. You will feel like royalty when you drive up and see the views available for your viewing pleasure. The house has three bedrooms, and two day beds that can also allow rest for the weary. Take a look at the open floor plan, the kitchen is a dream. 

I absolutely love the beams in the open living area and the furnishings make me want to curl up and enjoy a nice book. Bermuda can get chilly during the winter months and I can imagine a fire roaring in the fireplace right now. 

DO:
Have Your Passport
Rent a Car







Comments