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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

Dreamy Design: I Want It House

I'm cleaning out my magazines and when this happens I get a little Pinterest happy with my feed being bombarded with recipes I want to save, houses that inspire me, gifts I find cool and all those other things I file under "Junk Drawer". When I declutter the house of magazines, I also find really awesome ideas and this was one of them I had to have a post on. Heather Chadduck's Mid-Century Lake House in Arkansas is to die for. I love the neutral theme she chose because it is so versatile. Versatility in housing is what is needed more than ever as we are faced with hectic lifestyles we as humans seem to enjoy. Take a look at what has to be perfection when walking through the door. 


I am in love with the bathroom especially but I believe outdoor spaces are the best features of any home because you should live outdoors as much as you can. What is your take on living outdoors as much as possible?

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