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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 Key West: Hidden Beach


Where to Stay:
Hidden Beach
Key West

Sometimes the two of you want to get away from it all together, alone. Hidden Beach is the  perfect spot for you two. With the only natural beach in Key West, you can put your toes in the sand in style. Three blocks from Duval Street, Hidden Beach is right on the Atlantic Ocean next to Loui's Backyard. The decor is exquisite and you will be taken away with the sights on your own private, covered porch!

I've seen enough, haven't you? I say book the darn thing!

Do:
Drink a lot!
Take it easy and chill!







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