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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

Ava's Birthday Party

You guys might be sick of these underwater photos but here at the Fisher Residence, it seems we might just be getting started. Ava and her girlfriends came over Friday night for her slumber party. We dined on pizza, homemade cake and devoured through some Cheez-It's. Sang karaoke in the garage until way past quiet hour and made our way to the pool the next day around noon. 

The party ended around five and it was still not enough time for some good swimming but the girls did get some shots at the party and they looked like this. 











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