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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

Thirteen Candles: Sage's Birthday @ Kerr Lake








Last weekend was Sage's 13th Birthday! Wow, it seems like yesterday she was born with her mega, humongous eyes and tiny body! She was the smallest baby we had. My doctor thought she was going to be over eight pounds but she wound up weighing 7'2.

We packed up the car and hooked up the boat trailer. Her friends, Carolyn, MK, and Chloe rode along with Joe and Douglas while I followed behind with my mom in her car along with Ava and our dogs. Everything was going along just grandly until the right boat trailer tire blew out and we wound up on the side of 64, east of Richmond. Luckily everyone was fine and thank goodness for VDOT showing up five minutes later with a flashing caution sign and orange cones to warn those of a mishap ahead.

While Douglas and Joe waited on help, the girls piled into my mom's car and we snuggly rode to our destination. Once we arrived and unpacked, the girls explored and an hour later Joe and Douglas were there. We feasted on Bojangles Chicken (which is amazing by the way), mashed potatoes, mac-n-cheese and biscuits. I ordered the 20 Piece Jumbo Tailgate box. I have to say this is the largest box of chicken I have ever ordered but when you have a crew, you need stuff like this. I'm telling you, if you haven't eaten Bojangles and have the opportunity to, DO! The gravy is perfect and their mac-n-cheese is the best from a fast food joint I've ever had. Sorry, KFC.

The rest of the of the weekend consisted of seeing the largest non-poisonous spider we've ever seen, setting our eyes on two copperheads, enjoying a fire both nights, watching the girls be thrown around on the tube and getting up on the kneeboard, and Sage skiing as she normally does. Water sports are the best.



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