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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

Underwater Camera Fun














A couple of months ago, I bought Joe a Panasonic Lumix DMC TS20 camera for his birthday. He didn't really have his own camera so I thought, hey why not? He might used it or he might not, but at least he has his own now. It being January when Joe celebrates his birthday, one of the coolest things about the camera couldn't be tested.

This camera is waterproof! It takes photos in up to 16 feet in water when you follow the locking rules correctly. This was the first weekend we have been able to use it in the water and I'm pretty impressed about the quality of the photos and how well it works. The girls had a blast and it was a hit at the pool.

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