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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

Damn Good: The Georgia Peach Martini

As we gear up for our weekend beach trip visiting family in the OBX, Outer Banks for you guys who don't understand this term, I want to share with you a drink that I will be enjoying as we sit on the deck and overlook the canals of Colington Harbour this weekend. It is Damn Good. Hope everyone has a safe Memorial Day. No drinking and driving right? Call a cab; Much cheaper than a DUI or killing someone or someone else. 



Ingredients: 
2 oz Coconut Rum
2 oz Peach Vodka
2 oz Ginger Ale
Shake with ice.
Strain into cocktail glass
Garnish w/ fresh peach drink

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